Sue Gilroy

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Stamp duty paused for NSW first home buyers to boost construction – Sydney Morning Herald

The Berejiklian government will use stamp duty concessions to boost the state’s economy.



Under the changes, the threshold for stamp duty being charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million. The stamp duty threshold on vacant land will also rise from $350,000 to $400,000 and will phase out at $500,000.
The change to the thresholds will only apply to newly-built homes and vacant land, not to existing homes, and will last for 12-months, starting on August 1….

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Sue Gilroy