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New housing developments in Western Sydney are likely to benefit most from the stamp duty concessions. Photo: Shutterstock

NSW cuts stamp duty for first time buyers

New South Wales has slashed stamp duty charges for first homebuyers in a bid to boost new home construction and help the state recover from COVID-19.

Premier Gladys Berejiklian said the threshold for stamp duty charges for first-time buyers in NSW would be raised from $650,000 to $800,000, with mor…

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