They are among more than 67,800 first home buyers who since July 2017, have taken advantage of the NSW Government’s Housing Affordability Strategy, saving more than a billion dollars in stamp duty.
Premier Gladys Berejiklian said the NSW Government was delivering on its promise to make it easier for people to own a home.
“I made it a priority to help first homebuyers get the keys to their first home and today’s figures show we are doing just that,” Ms Berejiklian said.
“Our reforms are taking the pressure off people trying to get ahead and as a Government we will never lose sight of the fact that behind every number is a person who now has a place to call home.”
Treasurer Dominic Perrottet said he was delighted to see the increase in first homebuyers, many of whom also benefitted from the NSW Government’s $10,000 First Home Owner Grant.
“For most people a home is the biggest investment they will ever make, and we are determined to give as many people as possible the opportunity to make the great Australian dream a reality,” Mr Perrottet said.
“The stamp duty concession combined with the First Home Owner Grant can save buyers more than $32,000, which is significant when making a property purchase.”
The scheme eliminates stamp duty for first homebuyers purchasing a new or existing property valued up to $650,000 and provides stamp duty savings for purchases of homes valued between $650,000 and $800,000.
First homebuyers can learn more at revenue.nsw.gov.au.
More get keys to home
MARRICKVILLE’S Callum Sauer and Jacinda Gugliemino are among the thousands of homebuyers who have taken advantage of the opportunity to save up to $24,740 in stamp duty when purchasing their first home.