This week the NSW Government announced this week that the stamp duty threshold on new homes for first home buyers has increased from $650,000 to $800,000.
The threshold also increases on vacant land from $350,000 to $400,000
This threshold will be in place for 12 months only from 1 August through to 31 July 2021.
These exemptions will apply for first home buyers purchasing vacant land or a new home. Above these thresholds, concessional stamp duty rates apply to new homes up to $1,000,000 and vacant land up to $500,000.
The team at Bribie Island Lending keep up to date with all changes to Home Loan schemes and can help you find the best lender for you.
We are based on the beautiful Queensland coast, between theSunshine Coast & Brisbane and we offer a complimentary home loan broking service.
Make an appointment today for an obligation-free chat, to talk about what you need and how we can help.
Pelican Waters beckons with its idyllic canal front living, providing direct access to the serene waters of Pumicestone Passage. This coastal haven offers a laid-back resort lifestyle, all while being just minutes away from the amenities of Caloundra.
Thinking about buying a house in Caboolture? With its affordable homes, multiple shopping options, rail access to Brisbane, parklands a quick trip to the beaches of Bribie and the Sunshine Coast, Caboolture is on the rise with home buyers.
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