NSW to scrap stamp duty for first home buyers for properties worth up to $800,000 from August 1
4 years, 4 months ago

NSW to scrap stamp duty for first home buyers for properties worth up to $800,000 from August 1

Daily Mail  

Australia's most populous state will soon scrap stamp duty for first-home buyers if they build a new house from scratch or snap up a brand new one. This would apply to an almost completed duplex at Guildford in Sydney's west selling for $789,000 Real estate first-timers in Sydney wanting to avoid paying stamp duty entirely in a more upmarket suburb would have a lot more choice if they settled for a brand-new two-bedroom apartment. NSW Premier Gladys Berejiklian said the stamp duty exemption was designed to boost construction activity, as COVID-19 restrictions pushed Australia into a recession for the first time in 29 years. Real estate first-timers in Sydney wanting to avoid paying stamp duty entirely in a more upmarket suburb would have a lot more choice if they settled for a brand-new two-bedroom apartment.

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History of this topic

South Australian home prices up thanks to Victorian investors looking avoid land tax increases
2 months, 3 weeks ago

South Australian home prices up thanks to Victorian investors looking avoid land tax increases

ABC  

Investment property owners are selling up in Victoria to avoid increased taxes and buying in South Australia instead, according to real estate agents. Changes hit Victorian landlords Real Estate Institute of Victoria chief executive Kelly Ryan said the taxes came on top of higher minimum standards for properties introduced by the Victorian government, plus rent freezes during the COVID-19 pandemic, …

First time buyers face stamp duty axe on homes worth up to £425,000, as Rishi Sunak promises to make temporary cut permanent
6 months, 2 weeks ago

First time buyers face stamp duty axe on homes worth up to £425,000, as Rishi Sunak promises to make temporary cut permanent

Daily Mail  

Stamp duty will be abolished for first-time buyers on properties worth up to £425,000, the Tories will pledge in their election manifesto. In a move that would benefit 200,000 households each year, Rishi Sunak will make permanent a temporary cut introduced by Liz Truss and Kwasi Kwarteng, which was due to end in March next year. In their disastrous mini-Budget, …

The NSW government's land tax announcement explained — is this the beginning of the end of stamp duty?
2 years, 6 months ago

The NSW government's land tax announcement explained — is this the beginning of the end of stamp duty?

ABC  

From next year, some first home buyers in NSW will be able to choose between paying the lump sum of stamp duty or an annual land tax. Key points: The reform is set to benefit first home buyers Social services and community housing advocates are disappointed there was not more in the budget for vulnerable people Stamp duty "traps people …

Unexpected revenue sparks NSW budget recovery, but state still billions in the red
3 years, 6 months ago

Unexpected revenue sparks NSW budget recovery, but state still billions in the red

ABC  

NSW's finances are in far better shape than forecast, with the deficit reduced by $8 billion since the last budget and the state on track to return to surplus in three years. Key points: The budget is expected to show a surplus of $500 million in 2024-25 The state's red-hot housing market has made for a stamp duty bonanza A …

NSW budget gives free vouchers for swimming lessons, special leave for grieving parents
3 years, 6 months ago

NSW budget gives free vouchers for swimming lessons, special leave for grieving parents

ABC  

Preschool-aged children across NSW will receive $100 vouchers for swim lessons, while grieving mothers will be given special leave, in a budget designed to support families. Key points: NSW recorded a $7.9 billion deficit in 2021-22 300,000 jobs that were lost during the pandemic have been regained The state is on track to record a $466 million surplus in 2024-25 …

Buyer's agent reveals how much money first home buyers should have saved when purchasing a property
4 years, 3 months ago

Buyer's agent reveals how much money first home buyers should have saved when purchasing a property

Daily Mail  

An Australian buyer's agent has revealed how much money first home buyers should have saved before they consider purchasing a property, with all the associated costs beyond the tagged price. Scroll down for video Australian buyer's agent Amy Lunardi has revealed how much money first home buyers should have saved when considering purchasing a property and the little-known costs involved …

Regional Victorian real estate sees boom despite pandemic, say agents
4 years, 4 months ago

Regional Victorian real estate sees boom despite pandemic, say agents

ABC  

While house prices in capital cities are expected to suffer a significant blow from the affects of the pandemic, regional centres are experiencing a property boom with the market running hot in northern and western Victoria. Key points: Real estate agents in Wimmera and Mallee are seeing surge in buyers Government building grants and record low interest rates are encouraging …

Most popular properties for sale since stamp duty cut revealed
4 years, 5 months ago

Most popular properties for sale since stamp duty cut revealed

Daily Mail  

The most viewed properties for sale online since the stamp duty announcement last week have been revealed exclusively to MailOnline Property and This is Money. All 10 of the most viewed homes for sale on property website Zoopla cost between £300,000 and £500,000, including this home in Fleetwood, Lancashire The most viewed property for sale on Zoopla - in Fleetwood, …

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