First home buyers will have more support when making their own choice between upfront stamp duty or a small annual fee, thanks to the new advanced First Home Buyer Choice calculator.
Premier @Dom Perrottet said the advanced calculator would help first home buyers make a more informed decision.
“We know that 50 per cent of owner-occupiers sell within 10.5 years. This new advanced calculator will show how much they may benefit from paying an annual fee,” Mr Perrottet said.
First Home Buyer Choice is part of the NSW Government’s $2.8 billion Housing Package. It will take effect from January 16 for purchases under $1.5 million but any eligible first home buyer who bought from the time the legislation was enacted on 11 November, 2022 can opt in to the annual fee and receive a refund of stamp duty paid.
Learn more here: https://nswliberal.org.au/Shared-Content/News/2022/First-home-buyers-to-be-better-informed