MAKING LIFE FAIRER FOR LOCAL FIRST HOME BUYERS
Member for Tamworth Kevin Anderson has announced a comprehensive package of measures which will give local first homebuyers a fair go at owning their own home by significantly reducing stamp duty and providing more housing choice.
Mr Anderson announced the reforms with NSW Deputy Premier John Barilaro as part of the Government’s commitment for all hard working residents across NSW to be able to aspire to own their own home. These far reaching changes could save first homebuyers up to $34,360.
“While there are no easy solutions when it comes to housing affordability, residents who are saving to own their own home will benefit greatly from these reforms,” Mr Anderson said.
“Stamp duty is a hurdle for first home buyers, so to give residents a fair go we will abolish stamp duty for all first home buyers on properties costing up to $650,000 and provide stamp duty discounts on properties up to $800,000. This means many local first homebuyers will not be paying stamp duty at all.
“To better meet demand, we also need more homes built in the right areas and with improved infrastructure. To achieve this, we will provide access to $3 billion from Government, Councils and developers.
These changes to stamp duty and support for new infrastructure will make regional Australia an even more attractive place for people to live, work and play.
“These are just some of the measures we are introducing to give local first homebuyers a fair go.”
NSW Deputy Premier John Barilaro said this package was “another example of ensuring every community in NSW receives its fair share by allowing locals to get into the housing market.”