Posts Tagged ‘first home owners grant changes’

NSW doubles its first-home grant for new homes, at the expense of the established housing market

The NSW government has ramped up its generous handouts for first-time buyers buying new homes, as the NSW Treasurer Mike Baird aims his second budget at kick-starting the state’s lacklustre home building industry.

But it comes at the expense of buyers of existing homes, who will lose thousands of dollars in incentives from October 1 this year.

From October, a first-home buyer who purchases a $550,000 new home … Read more »