How Government Changes Are Helping NSW Home Buyers
Key Facts Regarding The NSW Government Housing Affordability Package

3-3-2017-17-30-21-129ztFtK9K0Kw.png

The NSW government housing affordability packages which activate from July 1 st have been designed to help first home buyers and also reduce costs for some developers. The new packages include benefits such as:  

  • Abolish stamp duty on all homes up to $650,000
  • Give stamp duty relief for homes up to $800,000
  • Provide a $10,000 grant for builders of new homes up to $750,000 and purchasers of new homes up to $600,000
  • Abolish insurance duty on lenders’ mortgage insurance
  • Ensure foreign investors pay higher duties and land taxes
  • No longer allow investors to defer paying stamp duty on off-the- plan purchases.  

These changes will make it easier for first home buyers to enter what is still a very competitive property market. While home loan rates remain at current record low levels, the news is positive for buyers and sellers. Perhaps now is the time to review your home loan with the view to better understanding your home loan opportunities.

I'm looking to

Buy my first home
Refinance
Buy an investment
Buy a new home

Understanding the fine details of the many home loan options out there is often confusing and complicated. HomeLoanReport.com.au makes the process of gathering and understanding the information easy for you.  You will receive a report with borrowing capacity, estimated loan repayments, and more, as well as a chance to chat with a home loan professional to discuss your requirements.  All of this is absolutely FREE.  Request your home loan report today for the chance to potentially save thousands on your home loan.

Related news

iStock-647071778.jpg

Are We Heading For A Property Crash?

Australian Property Market Opinions Vary Considerably

Read More
iStock_000083071907_Full.jpg

Why do banks raise interest rates when the RBA doesn’t?

Some of the reasoning driving bank rate rises

Read More
iStock-628162012.jpg

Why should you buy or sell in Winter?

Markets Remain Positive Across Most States

Read More
housingladder.jpg

Have we reached the top of the housing price ladder?

Price changes will vary from city to city

Read More