Some amazing news for First Home Owners will soon mean no stamp duty for your first home providing the property is a new property – in Queensland only.
Existing Homes will still attract stamp duty.
It’s been no secret that the thresholds have not kept pace with the price of property. This is a great opportunity for First Home Owners to reduce their upfront costs.
Whether your home is a house and land construction or turnkey home, you may benefit financially providing the contract is dated after the change to legislation. Some buyers may choose to use the extra savings earmarked for stamp duty towards their deposit, or complete the finishing touches to their home eg fencing and landscaping.
If you would like to know more details about your First Home Purchase, please call 0403 211 361 or email hello@georgefinancialservices.com.au
