NSW Stamp Duty Changes 2020: First Home Buyers Could Save Thousands

Wooden front door of a yellow house

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.


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