{"id":19095,"date":"2022-11-11T17:49:46","date_gmt":"2022-11-11T17:49:46","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=19095"},"modified":"2022-11-11T17:49:46","modified_gmt":"2022-11-11T17:49:46","slug":"landmark-first-home-buyer-reform-now-up-and-running","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2022\/11\/11\/landmark-first-home-buyer-reform-now-up-and-running\/","title":{"rendered":"Landmark first home buyer reform now up and running"},"content":{"rendered":"\n

Thousands of first home buyers can now fast track their home ownership dreams after the Perrottet Government\u2019s landmark legislation received royal assent.
 
Premier Dominic Perrottet said in a national first, buyers will now be able to choose between paying a smaller annual property tax or an upfront stamp duty on their first home.
 
\u201cFirst home hopefuls will now be able to attend auctions and inspections this weekend across NSW knowing that the First Home Buyer Choice is on the table,\u201d Mr Perrottet said.
 
\u201cAs prospective buyers inspect homes this weekend, they can now choose to opt into the First Home Buyer Choice and receive a refund in January on the upfront stamp duty they pay for homes valued up to $1.5 million.
 
\u201cFrom January 16, first home buyers who opt into the annual payment won\u2019t have to pay any stamp duty at all.\u201d
 
Treasurer Matt Kean said the new program signed into law today would help thousands of young people and families shave about two years off the time needed to save for a deposit.
 
\u201cYoung families can save thousands in the long run by opting for the annual payment, with Treasury estimating about two-thirds will choose this because of the financial benefit,\u201d Mr Kean said.
 
\u201cThere\u2019s no limit on the number of eligible first home buyers who can apply for the First Home Buyer Choice.\u201d
 
First Home Buyer Choice details<\/strong>
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