First home buyers in the Central West will find buying their dream home easier as of the 1st of July 2017.
The N.S.W State Government has put into place a package which aims to give home buyers a fair chance of entering the market.
The package includes more grants and concessions for first home buyers, increasing housing supply and accelerating the delivery of infrastructure support for growing communities, such as Bathurst.
(George Street Bathurst. Photo credit: Bathurst Business Hub)
The efforts of the State Government has seen stamp duty lifted for first home buyers for homes up to $650,000 and concessions for home up to $800,000. This saves thousands of dollars for the buyer as they start to set up their new home.
Bathurst resident, Jacinta Staff, purchased her first home before these new grants were put in place and believes it would have taken off a lot of stress during the process.
Mrs Staff believed it would have been easier if they were more aware and if grants were available at the time.
One Agency Bestwick Real Estate Bathurst agent, Mitchell Bestwick believes buying your first house is the hardest thing, especially for young people. He said these new grants the state government has now made available will go a long way towards improving the situation for many in the community.
“These grants will make it that much easier for the first home buyer process”
(Mitchell Bestwick One Agency Bathurst. Photo Credit: One Agency Bestwick Bathurst)
The new grants and benefits will mean a significant reduction in the time it takes for first home buyers to finalise buying their first home and the amount of money they will have to save and spend up front for costs.