Blog

Are you buying your first home? We’d like to help.

Kayla Scott

12 Jun 2019

Topics

  • Conveyancing
  • First home buyer
first home buyer

If you are right around the corner from purchasing your first home, Snedden Hall & Gallop wants to help you. Purchasing your first property can be daunting, especially when you are trying to factor in how much stamp duty (now known as Conveyance duty) is payable on your new home.

Are you aware of the First Home Owner Grant (FHOG) that is available in both NSW and ACT?

This grant can offer you some financial relief in what can be a stressful time.

NSW

For our NSW buyers, as a first home buyer you may be eligible for a full or partial exemption from stamp duty under the First Home Buyers Assistance Scheme. You may also be eligible for a $10,000 grant under the FHOG (new home).

ACT

In the ACT, from 1 July 2019, the FHOG will be replaced by a new Home Buyer Concession Scheme. The ACT Government will abolish stamp duty for eligible first home buyers of new and established homes.  Income thresholds will apply.

Let us help

For further information on the upcoming changes, current terms and eligibility requirements, contact our Property team by email, or on 02 6285 8096 (Diana Tozer), or 02 6285 8005 (Rebecca Ellem).