Tanya Davies MP. Member for Mulgoa.

MULGOA FIRST HOME BUYERS TAKING UP STAMP DUTY RELIEF

Tuesday November 7, 2017

Member for Mulgoa, Tanya Davies MP said first home buyers in Mulgoa were snapping up stamp duty relief from the NSW Liberals & Nationals Government. 

In Mulgoa so far, approximately 305 homes have been purchased using the stamp duty exemptions or concessions since July.

The package of measures announced as part of the NSW Budget remove stamp duty for first home buyers for both new and existing homes for properties up to $650,000 and reduce duty for first homes between $650,000 and $800,000. 

Tanya Davies said she was delighted there was an increase of 239 per cent in the number of people have been accessing the stamp duty relief in NSW since the measure came into effect in July, compared to the same period last year.

“This means the end of renting or living with family for many young parents and their children, and the beginning of a new chapter that many people in Mulgoa dream of,” Tanya Davies said.

“I encourage people who aren’t aware of these reforms and think home ownership is out of reach to take a look at our relief package and consider whether it’s now possible.

 “Our government is focused on cutting the costs of living, whether that’s the price of your child’s weekend sport through the active kids rebate, the energy rebate to help put downward pressure on energy bills or the cost of buying your first home.

“The great Australian dream of owning your own home and putting down roots, is now in reach for many more families in Mulgoa.

“Effective housing policy is a key priority of the Berejiklian-Barilaro Government after the previous Labor government allowed the situation to stagnate,” Tanya Davies said.