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The New South Wales government has recently introduced a new initiative called First Home Buyer Choice, which means that first-home buyers will have the opportunity to pay a property tax on their land's value, as opposed to a large upfront stamp duty.
In today's episode, Michael breaks down the latest changes for first-home buyers in NSW, with the First Home Buyer Choice legislation that has come into effect on the 11th of November, 2022. He also answers some important questions about what this new change means, and poses some scenarios to help you determine if you're eligible, and what your home-buying process might now look like.
Resources and links:
Connect:
This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.
The New South Wales government has recently introduced a new initiative called First Home Buyer Choice, which means that first-home buyers will have the opportunity to pay a property tax on their land's value, as opposed to a large upfront stamp duty.
In today's episode, Michael breaks down the latest changes for first-home buyers in NSW, with the First Home Buyer Choice legislation that has come into effect on the 11th of November, 2022. He also answers some important questions about what this new change means, and poses some scenarios to help you determine if you're eligible, and what your home-buying process might now look like.
Resources and links:
Connect:
This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.