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Support For First-Home Buyers In South Australia
South Australia announced the 2023/24 state budget on 15 June 2023. As part of the budget, first-home buyers in South Australia can get the following: Relief from stamp duty An increase in the property price cap for eligibility for homeowner grants A loan for building a new...
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NSW Surcharge Purchaser Duty: Exemptions For Foreign Buyers From Selected Nations
Foreign buyers who purchase residential-related property in NSW are subject to a surcharge purchaser duty of 8% in addition to any transfer duty; however, this policy no longer applies to foreign individuals from New Zealand, Finland, Germany, South Africa, Norway, Switzerland,...
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NSW Labor To Repeal Property Tax Option For First-Home Buyers
The incoming NSW Labor government has announced plans to repeal the First Home Buyer Choice scheme, which came into effect on 16 January under former NSW premier Dominic Perrottet’s government. The scheme allowed first-home buyers (FHBs) purchasing owner-occupier properties...
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