2023 / Money / Personal Finance / Property

The First Home Buyer Choice 2023

WFO 23 Jan Issue 1 The First Home Buyer Choice p38

Are you a first home buyer in NSW planning on buying a home over $800k this year?

We have great news for you!

There is a new incentive now out called “The First Home Buyer Choice”

The First Home Buyer Choice

Do you know about the 1st home Buyer Choice? As you may know, there are exemptions from stamp duty up to $650k and concessions on stamp duty for homes up to $800k. Those will remain in place and are really fabulous benefits for any first home buyer who is purchasing a property in those price points.

Until now anyone buying a home over $800k got no stamp duty benefits at all (and often didn’t qualify for any other schemes due to price thresholds or income cap regulations) which meant they needed to save up the stamp duty costs on top of their deposit, mortgage insurance, legal fees, adjustments, registration of mortgage and all the other costs that go into buying a home in that price range.

Continue reading to find out how to access the First Home Buyer Choice to get you started in your first home…

Read the full article in WFO 2023 Jan Issue 1 – Click below to subscribe now

Click to read more articles by Anita Marshall, on her profile page.

Get Focused for 2023

Read The First Home Buyer Choice and how New South Wales first home buyers can save on their stamp duty in WFO 2023 Jan Issue 1

WFO Women's Money Magazine WFO 2023 Jan Issue 1. Cover Image shows two beautiful, mature woman wearing masks and celebrating the New Year. They are lighting sparklers. This WFO issue celebrates New Beginnings.
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