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Advising on the following new land releases: McCauley's Beach, Redgum Ridge, Daintree Estate, Pinnacle, Edgewood Estate and more land releases selling now ............. Convey from Helensburgh to Thirroul, Bulli to Balgownie, Towradgi and Fairy Meadow to Figtree, Unanderra to Dapto, Horsley to Albion Park, Oak Flats to Flinders and Shellharbour, Blackbutt to Kiama, Gerringong to Gerroa...... Contact us for Conveyancing Services in Wollongong or anywhere in the Illawarra......... Don't risk the most important transaction you will make with one of the discount conveyancing or cheap conveyancing firms on the internet. Try keira conveyancing- we're solicitors who take your matter from start to finish and all at an affordable fixed fee ...........  Contact us for your property conveyancing in Wollongong ..............

Stamp Duty

 

The purchase of residential property in NSW attracts stamp duty. The good news is that as a First Home Owner you may be entitled to a stamp duty exemption or concession under the NSW Government’s First Home New Home Scheme.

The First Home New Home Scheme provides an exemption to the payment of stamp duty for eligible first home owners purchasing a new property up to $550,000.00 ($350,000.00 for vacant land) and a concession on stamp duty for first home owners purchasing a new property valued between $550,000.00 and $650,000.00 ($350,000.00 - $450,000.00 for vacant land). 

The eligibility requirements for the First Home New Home Scheme are similar to those of the First Home Owners Grant, although unlike the Grant, the First Home New Home Scheme also requires that purchasers and their spouse have never owned residential property in Australia (the Grant allows such provided that the property was not purchased prior to July 2000 and provided the property was not owner occupied).

Do I Qualify?

To be eligible for the First Home New Home Exemption or Concession you must satisfy a number of requirements including:

The Contract and the Transfer must be for a new property, or vacant land and must be for the whole of the property.

At least one applicant must be an Australian Citizen or permanent resident.

Each applicant must be at least 18 years of age. 

One applicant will occupy the property as their principal place of residence for a continuous period of six months within 12 months of settlement of the purchase.

Each applicant and their spouse must not have previously owned residential property in Australia before July 2000. 

Calculate your stamp duty liabilty or saving below: 

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South Coast Conveyancing - Buyer Beware - Stamp Duty
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