Member for Bega Andrew Constance has announced a comprehensive package of measures which will give first homebuyers across the region a fair go at owning their own home by significantly reducing stamp duty and providing more housing choice.
“These far-reaching changes could save first homebuyers up to $34,360, making purchasing your first home more achievable for many,” Mr Constance said.
“Stamp duty is a hurdle for first home buyers in our community so to give residents a fair go, we will abolish stamp duty for all first home buyers on properties costing up to $650,000 and provide stamp duty discounts on properties up to $800,000.
“Along with abolishing stamp duty for first home buyers, The NSW Government provide first home buyers grants of $10,000 to those building a new home up to $750,000 and those purchasing new homes up to $600,000.”
Mr Constance said the reforms meant first homebuyers from Batemans Bay to Eden would not be paying stamp duty at all and if they chose to build, might have an additional $10,000 towards the cost.
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