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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.

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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