For first home buyers who haven’t yet committed to their first home, now may be the best time in years to make the move.
First home buyers who purchase land and sign a building contract for the construction of their home after 1 October 2012 are eligible for the NSW Government’s First Home Owner’s Grant which increased to $15,000 from July 1st 2012. First home buyers are also exempt from paying stamp duty on their land purchase, providing a further significant saving through the ‘First Home-New Home’ scheme.
“By purchasing land priced under $350,000 First Home Buyers can save the full $11,240 in stamp duty and be eligible to receive the $15,000 Grant, a potential saving of $26,240*,” said Cameron Holt, Head of Investa Land.
Contact our sales team today for more information or visit www.osr.nsw.gov.au
for full terms and conditions on these NSW Government initiatives.
* The First Home Owner’s Grant and First Home-New Home scheme are NSW Government initiatives and not offered by Investa. The schemes are subject to Government terms and conditions. Purchasers should seek their own advice in relation to eligibility for these initiatives.