Archive for September, 2011

Changes to the stamp duty concession for first home buye

If you own a property worth up to $600,000 please take note. 

From 1 January 2012, stamp duty concessions will no longer be available to first home buyers of established homes. In a shock budget measure, the NSW Government will limit the concessions to those buying new homes.

Currently, first home buyers pay no stamp duty on properties under $500,000, and receive a discount for properties valued up to $600,000.

This means that, … Read the full post »