From 1st July First Home Buyers in NSW:
a. No longer have to pay stamp duty for homes up to $650k,
b. Nor do they have to pay duty on their LMI up to $650k
c. Additionally if they are building or moving into a brand new home up to $600k they will receive a $10k grant
According to the ABS first-home buyers make up only 13% of the market and have been holding off buying until the stamp duty changes. Buyers may also have tight budgets so it’s critical to choose a home loan that offers great value. Talk to us to find out which home loan and which lender is right for you.
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