This week the NSW Government announced this week that the stamp duty threshold on new homes for first home buyers has increased from $650,000 to $800,000.
The threshold also increases on vacant land from $350,000 to $400,000
This threshold will be in place for 12 months only from 1 August through to 31 July 2021.
These exemptions will apply for first home buyers purchasing vacant land or a new home. Above these thresholds, concessional stamp duty rates apply to new homes up to $1,000,000 and vacant land up to $500,000.
The team at Bribie Island Lending keep up to date with all changes to Home Loan schemes and can help you find the best lender for you.
We are based on the beautiful Queensland coast, between the Sunshine Coast & Brisbane and we offer a complimentary home loan broking service.
Make an appointment today for an obligation-free chat, to talk about what you need and how we can help.
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Your borrowing power is one of the most important tools you have as a property investor. Whether you’re looking to refinance, expand your portfolio or unlock equity, knowing where you stand, and how to improve it, can make all the difference.
The Gold Coast’s population is booming, but housing supply isn’t keeping up — creating a major opportunity for property investors. With only a fraction of the required dwellings being approved, rental yields and property values are rising fast.
If you’re looking for somewhere with room to move, a proper sense of peace, and still close enough to commute — Elimbah might just tick every box. It’s one of those underrated spots that locals love and more people are quietly discovering.
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