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More incentive to build your first home

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July 26, 2017

The NSW Government’s new housing affordability package will deliver a huge boost for first home owners.

In addition to new stamp duty exemptions for all new and existing homes valued up to $650,000, those who build their first home will also have access to the $10,000 First Home Owner Grant (New Homes).

Berrigan Shire Council director corporate services Matt Hansen said the package would provide more opportunities for potential home builders.

‘‘Council welcomes the package because it encourages people to buy and develop in Berrigan Shire,’’ he said.

‘‘Our vision is to attract families with young kids and first home buyers tend to fall into those categories, so we’re hoping it will provide additional incentive to live or stay in the area.

‘‘It should also improve housing stock.’’

Rob Crow & Co Real Estate owner Rob Crow said the package provides first home buyers with extra support without having to ‘‘jump through hoops’’.

‘‘With low interest rates, now is the time to enter the real estate market — it’s only going to get dearer,’’ he said.

‘‘The package is cost and time saving for first home buyers and builders, providing more incentive for them to purchase and stay in the area.

‘‘Land is being eaten up especially in Tocumwal and Barooga, and there’s always been strong interest from families outside the area thinking about moving here.

‘‘The package will only encourage and boost that.’’

For more information, go to www.nsw.gov.au/housingaffordability.

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