As a New South Wales agency, we are getting asked many questions about the new land tax, the First Home Buyer Choice scheme, that was implemented in late November by the State Government. Most enquiries to our agents revolve around whether it’s cheaper to pay the slug of stamp duty (the conventional, upfront levy on…
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Stamp duty not only affects homebuyers but also influences the economy and even how our society is shaped. Recently, the NSW Treasurer, Dominic Perrottet, put forward a proposal in which buyers would choose between paying the one-off purchase levy, or be subject to a smaller but annual land tax. So what’s going on here, and…
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Two state government schemes designed to encourage property ownership have now made buying your first home in NSW more attractive. The State Government will provide $10,000 under the First Home Owners Grant to applicants who are planning to purchase either a new property or one that has been substantially renovated. It has also eased the…
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The strong performance of the Sydney property market before the coronavirus crisis struck suggests a resilience in buyer interest that could spur a bounce-back when restrictions are lifted. Data shows values in the Sydney market grew 13% in the year to March on the back of an increase in sales volumes of 25%. Fears for…
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