Newly built homes and homes under construction
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
If you're a first home buyer, you could save up to $29,490 on the cost of building a new home by using a combination of the Home Builders Bonus and other NSW Government Schemes such as First Home Plus or the First Home Owners Grant Scheme.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Read more about the NSW Home Builders Bonus:
Last updated:
26-Aug-2010