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NSW Home Builders Bonus
From 1 July 2010, transfer duty exemptions and concessions are available for certain new home purchases, off the plan purchases, and vacant land purchases on which a home will be built within a specified time. There is also a specific exemption for eligible seniors purchasing a new home as their principal place of residence.
More benefits for more NSW home buyers
The NSW Government’s Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
If you’re a first home buyer, you could save up to $29,490 on the cost of building a new home.
First home buyers
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
If you're a first home buyer, you could save up to $29,490 on the cost of building a new home by using a combination of the Home Builders Bonus and other NSW Government Schemes such as First Home Plus or the First Home Owners Grant Scheme.
For homes already under construction, stamp duty has been reduced by 25 per cent.
There is also a specific exemption for eligible seniors purchasing a new home as their principal place of residence.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Pre-construction buyers
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
If you're a first home buyer, you could save up to $29,490 on the cost of building a new home by using a combination of the Home Builders Bonus and other NSW Government Schemes such as First Home Plus or the First Home Owners Grant Scheme.
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Newly built homes and homes under construction
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
If you're a first home buyer, you could save up to $29,490 on the cost of building a new home by using a combination of the Home Builders Bonus and other NSW Government Schemes such as First Home Plus or the First Home Owners Grant Scheme.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Senior buyers
The NSW Government's Home Builders Bonus provides a specific exemption for eligible seniors purchasing a new home as their principal place of residence (Seniors Principal Place of Residence Exemption).
The NSW Government’s Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Developers and Vendors
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
For homes already under construction, stamp duty has been reduced by 25 per cent.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Highlighted need to have links when clicked on
· NSW Home Builders Bonus factsheet
· NSW Home Builders Bonus application form
· NSW Home Builders Bonus – supplementary information for developers/vendors
· Calculators
For more detailed information on all of these benefits please visit www.osr.nsw.gov.au
Disclaimer: Whilst every effort has been made to ensure the accuracy of this information it is not to be relied upon in making a decision to purchase a property, a parcel of land or committing to a building contract. Prospective buyers are strongly advised to seek independent legal advice as to their eligibility- www.osr.nsw.gov.au before proceeding with any property purchase or building contract.