Business & Corporate: A GAME CHANGER FOR FIRST HOME OWNERS

The new First Home Buyers Assistance Scheme commenced 1 July 2017.

The exemption for first home buyers applies to contracts executed on or after 1 July 2017 for properties up to $650,000.

Stamp duty concessions apply for properties valued between $650,000 and $800,000.

This exemption applies to new and existing homes purchased by first home buyers.

If you are thinking of purchasing or selling a property please contact our Andrew Frank or email us at info@franklegal.com.au 

This article is provided to the reader for general information. It is not legal advice. It was written by Reegina Moteea and edited by Andrew Frank.

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Keywords: purchasing, stamp duty, exemption