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first home buyers

Congratulations on buying your first home! This is a very exciting time.

At Cause Conveyancing we understand that as a first home buyer you are apprehensive and we undertake to guide you gently through your conveyancing process ensuring that you understand every step of the transaction as it occurs.

If you are buying or building your first home, you may be eligible for benefits under the First Home Owner Grant Scheme and the First Home Plus Scheme.

The NSW First Home Buyers Grant in the sum of $7,000 is available to Australian citizens purchasing their first home (up to the value of $835,000).

Eligible first home owners can receive the grant regardless of their income or the area in which they are planning to buy or build. The grant is not means tested and no tax is payable on it.

Eligibility criteria is as follows:-

We are available by telephone or email seven (7) days a week to answer any questions and assist you in any way we can with the purchase of your first property.
For more information visit:- http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhb1.pdf

NSW Home Builders Bonus

Applies to new homes not exceeding $600,000
Applies to vacant land not exceeding $400,000

The NSW Home Builders Bonus has been introduced to stimulate the construction of new homes in NSW. The Home Builders Bonus provides exemptions and concessions for certainpurchases of new homes, homes off the plan and vacant land on which a new home will be built.

The new housing concession provides a full exemption of stamp duty on transactions relating to vacant land and off the plan purchases where building has not commenced. A partial concession of 25% of stamp duty payable applies to completed new homes or off the plan purchases where construction has commenced.

There is no limit to the number of new homes a person may purchase under this concession.