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NSW State Government First Home Owner Grant
Submitted by administrator on Tue, 11/11/2008 - 10:45am
The NSW State Government has announced an additional grant which could increase the maximum Commonwealth Government first home owner grant of $21,000 to $24,000 plus there is the additional saving of purchase stamp duty in NSW where the purchase price is less than $500,000.
For example, family buying a newly-constructed home at $500,000, could be $41,990 better off under the following schemes:
$7000 - NSW First Home Owners Grant
$3000 - NSW grant in mini-budget
$17,990 - NSW Stamp duty exemption for all first homes up to $500,000
$14,000 - Commonwealth First Home Owners Boost
Read the full news release at No Deposit Home Loan website.
