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Jul 3, 2023 1:45:00 PM
We have exciting news for first home buyers! The recently announced State Budget brings with it a range of new benefits to help you make your dream of owning your own home a reality. Now is the perfect time to start planning and putting in place the steps necessary to get you into your first property.
Stamp duty abolished for first home buyers
The State Budget has included a concession specifically designed for first home buyers; abolishing stamp duty on new build homes valued up to $650,000, or on vacant land up to $400,000. Eligible first-time buyers can take advantage of this relief when entering into contracts after 15 June 2023. This is an exciting step in helping make the dream of owning a property come true for many Australians.
Visit the Revenue SA website to find out more and check your eligibility.
Property value cap increased for First Home Owners Grant
The State Budget has retained the existing First Home Owner Grant (FHOG) at $15,000 and increased support for first home buyers by raising the property value cap from $575,000 to $650,000*.
Visit the Revenue SA website to find out more and check your eligibility.
Under the new concessions, eligible first home buyers who build or purchase a new home with a value of up to $650,000 will now receive up to $44,580* in total relief from the State Government. This includes almost $30,000 in stamp duty relief and a FHOG payment of $15,000. This is significant financial support for those looking to get their foot onto the property ladder. Read the Premiers announcement here.
Take advantage of this chance to make your dreams of homeownership a reality. Our range of Ancora Apartments meet the criteria for these concessions, and our friendly Sales Consultant Hayley is here to help. Contact Hayley on 0482 164 381 or info@fletchersslip.com.au to find out more.
*T&Cs apply – visit the Revenue SA website for more details. Only valid on contracts signed on or after 15/6/23
