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First home buyers snap up stamp duty relief

Stamp duty relief

Stamp duty relief has helped hundreds of local first home buyers in Camden and Wollondilly Shire.

Hundreds of local first home buyers have been snapping up State Government stamp duty relief.

The package of measures announced as part of the NSW Budget remove stamp duty for first home buyers for both new and existing homes for properties up to $650,000 and reduce duty for first homes between $650,000 and $800,000.

In Camden so far approximately 578 homes have been purchased using the stamp duty exemptions or concessions since July and another 576 in Wollondilly Shire.

State Member for Camden and government whip Chris Patterson says there was an increase of 239 per cent in the number of people who have been accessing the stamp duty relief in NSW since the measure came into effect in July, compared to the same period last year.

“This means the end of renting or living with family for many young parents and their children, and the beginning of a new chapter that many people in Camden dream of,” Mr Patterson said.

“I encourage people who aren’t aware of these reforms and think home ownership is out of reach to take a look at our relief package and consider whether it’s now possible.

“Our government is focused on cutting the costs of living, whether that’s the price of your child’s weekend sport through the active kids rebate, the energy rebate to help put downward pressure on energy bills or the cost of buying your first home.

“The great Australian dream of owning your own home and putting down roots, is now in reach for many more families in Camden,’’ Mr Patterson said.

 

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