The NSW Government has now delivered its budget and confirmed the housing affordability package disclosed on 1 June designed to assist first home buyers enter the housing market.
In short, under this package, from 1 July 2017 the Government is increasing the grants and concessions available to first home buyers as follows:
On the flip side of this are the changes impacting foreign investors and investors buying off the plan. Under the new regime:
Are you a first home owner and want to know more about these changes and how they may affect you? Get in touch with the team at ClickLaw today!
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