The First Home – New Home scheme commenced on 1 January 2012 and provides eligible purchasers with exemptions from transfer duty on new homes valued up to $550,000.00 and concessions for new homes valued between $550,000.00 and $650,000.00.
Eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $350,000, and will receive concessions for vacant land valued between $350,000 and $450, 000.
For more information visit NSW Office of State Revenue.
For all your property legal requirements contact:
Aldren Conveyancing Services – Northern Beaches
Phone: (02) 9984 8840
Fax: (02) 9984 8850
Mobile: 0422 011 434