First Home Buyers Assistance scheme
4 October, 2017
The First Home Buyers Assistance Scheme commenced from 1 July 2017 to provide exemptions and concessions on stamp duty for eligible first home buyers.
The scheme provides a total exemption from stamp duty for homes valued up to $650,000 and concessions on duty for homes valued between $650,000 and $800,000. This scheme provides substantial savings for first home buyers with a purchaser buying property with a value of $650,000 saving $24,740.
Author Alexandra Haverkamp