Local: Wed
Sydney: Wed
Select Destination
Location Time Temp
Sydney Wed24°
Melbourne Wed16°
Brisbane Wed28°
Perth Wed17°
Adelaide Wed
Hobart Wed13°
Canberra Wed19°
Darwin Wed27°


Get our help FREE advice or find service providers with our bookJobs Now

New South Wales property: buyers increase

14 August 2016 by News Desk

New South Wales property data shows a rise in the number of first home-owners.

New South Wales propertyNew South Wales property sales to first-time home owners increased by around 11 per cent over the past year

New figures come from the number of first-time home buyers claiming government grants that aim to help people buy their first home.

New South Wales offers two grant programs – the First Home Owner Grant scheme and the First Home – New Home scheme.

“Last financial year the number of First Home Owner Grants increased by about 900 to around 9,400 and the dollar value of those grants rose by 12 per cent to $138 million,” said NSW Treasurer Gladys Berejiklian.

New South Wales property: first time buyers

The First Homeowner Grant Scheme provides $10,000 towards the construction or purchase of newly built homes valued up to $750,000.

In addition to First Home Owner Grants the NSW government last year provided 9,522 stamp duty concessions to first home buyers worth $94.6 million.

The First Home – New Home scheme provides further financial assistance for first homebuyers by offering full exemption from stamp duty on new homes valued up to $550,000.

The First Home – New Home scheme also offers stamp duty concessions on new homes valued between $550,000 and $650,000.

Thinking about New South Wales property? For expert info and help with buying property Click Here

Want to live and work Down Under? Click here for expert help: Skilled Migration to Australia

Want to get a job Down Under? Click here for expert help: How to Get a Job in Australia

Click here for expert help with travel visas: Travel Visas to Australia

Click here for tourist information about Australia: Visit Australia

We use cookies on Thinking Australia

This website uses cookies to ensure you get the best experience on our website. Please confirm permission to use cookies.
Cookie Policy Privacy policy