New First Home Buyers Scheme

by admin on June 12, 2012

First Home Buyers Grant 2012

New First Home Buyers Grant Just Announced

Do you Qualify For The new home Buyers Grant?

NSW has just doubled its first home buyers grant for new homes.

This will come at the expense of existing first home buyers who will be left with $thousands off their current incentive as of the 1st october.

  • Property Investors can expect land tax revenue to increase by 8.1%.
  • First home buyers will recieve up to $35,240 in government handouts if purchasing a new home after 1st October.
  • A big bonus is that then new home grant applies to substantially renovated homes, as well as land.
  • And it can also be used in relocation to the home relocation grant.
  • The threashhold has been raised from $600,000 to $650,000.

It is believed to be the most generous in Australian history for property.

If you want all the details on how this effects the Port Stephens Property market don’t hesitate to contact me.

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