From 1 July 2010, the NSW Home Builder’s Bonus provides:
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Zero stamp duty for off-the-plan purchases of new homes – saving up to $22 490 for buyers of a new house or apartment worth up to $600 000 in the pre-construction stage.
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Zero stamp duty for purchases of vacant land – saving up to $13 490 for buyers of vacant land worth up to $400 000.
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25 per cent stamp duty discount on off-the-plan purchases already under construction, or newly-constructed homes – saving up to $5 623.
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Up to $29 490 in benefits for first home buyers who buy off-the-plan in the pre-construction stage.
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Zero stamp duty for over-65 “empty-nesters” who sell their family home and downsize to a newly-constructed home worth up to $600 000.
The NSW Home Builder’s Bonus will run for two years, until 30 June 2012.
If you are a first home buyer, second or third home buyer or an empty-nester who is looking at buying a new home and you would like information about the stamp duty concessions available to you, please call Dianne Boyd Licensed Conveyancer on 9635 8266 and she will discuss the concessions with you. Dianne can explain each step of the conveyancing process to you and provide you with an estimate of our costs for your particular transaction.
DIANNE BOYD
Licensed Conveyancer
