GET SMART FINANCIAL
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact

Stamp duty has abolished for new homes under $800,000

29/7/2020

0 Comments

 
Picture
​On Monday, 27 July it was announced by NSW Premier Gladys Berejiklian, that from 1 August, the NSW state government will temporarily axe stamp duty for first home buyers purchasing newly built homes that are valued at under $800,000 (up from the previous limit of $650,000).

This is to support approximately 6,000 first home buyers plus boosting the construction industry. This move will surely help in creating jobs amid the COVID-19 crisis.

The state government will also raise the threshold for stamp duty on vacant land.

The adjustments will last for 12 months and only applies to first home buyers purchasing newly built homes and vacant land.

Estimate from the federal government would be approximately 27,000 grants across $10 billion building projects, supporting 140,000 direct jobs and 1,000,000 related jobs.

Interested to find out more? Let's have a chat!
let's chat
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    mortgage broker donvale
    View my profile on LinkedIn

    Author

    Rachael Bland – Founder & CEO

    Archives

    December 2022
    November 2022
    October 2022
    May 2022
    April 2022
    March 2022
    February 2022
    July 2021
    June 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    April 2019
    March 2019
    November 2018
    August 2018
    February 2018
    November 2017
    July 2017
    May 2017
    March 2017
    June 2016
    May 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    May 2015
    March 2015
    February 2015
    January 2015
    December 2014
    October 2014
    May 2014

    Categories

    All
    Adding Value
    Capitalisation
    FAQ
    Finance
    Get Smart News
    Home Loans
    Industry Awards
    Interest Rates
    Investment
    Refinancing
    Renovations
    Value

    RSS Feed

Privacy | Credit Guide | FAQs | Calculators
T:
0421 73 88 30 | E:
rachael@getsmartfinancial.net.au
Credit Representative Number: 427013 | Australian Credit Licence Number: 391237 | MFAA Accredited Credit Advisor 150638 | Copyright © 2019 Get Smart Results Pty Ltd
mortgage broker donvale
Website by Mint Creative Circle
Photo used under Creative Commons from Philippe Put
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact