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Incentives for first time buyers in NSW

Incentives for first time buyers in NSW

Old Feb 23rd 2008, 10:32 pm
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Default Incentives for first time buyers in NSW

Can some one update me about the incentives for first time buyers in NSW. I know about the $7000. first time buyers grant. However i have heard something about there being Stamp duty concessions as well.
What are the stamp duty rates in NSW.?
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Old Feb 24th 2008, 2:00 am
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Default Re: Incentives for first time buyers in NSW

If you are eligible, exemption of stamp duty is available on purchase of homes up to value of $500000 saving you up to $17990. Homes valued over $500000 and up to $600000 have a discount stamp duty rate. From our experience this also applies to building new home on own block of land. You do need to be a permanent resident or Aussie citizen to apply.
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Old Feb 24th 2008, 9:00 am
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Default Re: Incentives for first time buyers in NSW

Cheers for that, I thought I had heard about the stamp duty exemption. Just wanted to be sure,
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Old Feb 24th 2008, 11:55 am
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Default Re: Incentives for first time buyers in NSW

Here's the link if it's any help....

http://www.osr.nsw.gov.au/lib/doc/fa...ts/fs_fhb1.pdf
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