Thanks Mike Baird. His NSW Govt State Budget delivered on 12 June 2012 is great for investors and first home buyers. It delivered the “Building the State” Package to boost new home builds. This includes:
• Existing First Home Owner Grant of $7,000 will be abolished for existing properties.
• First Home Owner Grant will however more than double to $15,000 from 1 October 2012 ($10,000 from 1 January 2014) for new properties up to $650,000;
• A New Home Grant of $5,000 to all non-first homebuyers of new properties up to $650,000;
• First Home Buyers Stamp Duty Concessions will continue with an exemption from stamp duty if buying a new property up to $650,000 (up from $600,000) intended to reflect Sydney’s median house price.
For more information follow the link http://www.budget.nsw.gov.au/__data/assets/pdf_file/0014/20561/2012-13_Building_the_State_-_final.pdf
If you would like to know if you can afford an investment property to take advantage of the New Home Grant of $5,000 let us help you. We can compare home loans to help you purchase an investment property in your Self Managed Superannuation Fund (SMSF), to help you renovate, consolidate debts or refinance your existing mortgage to a better rate and save you money.
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