IMPORTANT NEWS FOR
FIRST HOME BUYERS

The State Government have announced dramatic changes to the First Home Buyer's benefits.  

From 1st January 2012, the full exemption from Stamp Duty will only be available to First Home Buyers who are purchasing vacant land, brand new homes, or homes "off the plan".  First Home Buyers purchasing an established home from 1st January 2012 will be liable for the usual rate of Stamp Duty.

Example:  First Home Buyers purchasing an established home on or after 1st January 2012 will be liable for Stamp Duty on their purchase price as per the estimates below:-

Price $200,000.00 = $5,510.00 Stamp Duty
Price $300,000.00 = $9,010.00 Stamp Duty
Price $400,000.00 = $13,510.00 Stamp Duty
Price $500,000.00 = $18,010.00 Stamp Duty.

To take advantage of the full Stamp Duty exemption before the deadline, Contracts must be exchanged on the purchase and dated no later than 31st December 2011.  There have been no changes to the First Home Owners Grant, which remains at $7,000.00 (subject to eligibility).

Season's Greetings

SS Conveyancing will be closed from 5pm on Friday 23rd December 2011, and will re-open at 9am on Wednesday 11th January 2012.  I wish all of my valued clients and colleagues a very Merry Christmas and a happy 2012!

The services offered by SS Conveyancing are professional, friendly and efficient, and all residential sales and purchases attract a flat-rate fee - so there are no hidden surprises for the most important person in the transaction...you!  Residential sale and purchase services available for all NSW property, with a mobile appointment service available to Central Coast and Lake Macquarie residents.

Call today on 02 4392 5545 for a quote on your next property transaction...SS Conveyancing is waiting to surprise you.