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Stamp Duty Concessions
As of the 1st of January 2012 the NSW Government has adjusted the First Home – New Home Scheme providing stamp duty exemptions for First Home Buyers. From the 1st of January, First Home Buyers are still able to receive exemptions on new homes valued up to $500,000 and concessions on transfer duty for new homes valued between $500,000 and $600,000.
Stamp duty concessions still apply for vacant land valued up to $300,000 and will receive a concession on stamp duty for vacant land valued between $300,000 and $450,000.
Encompass can assist with every stage of this process including taking care of the paperwork. Speak to us today and get into your first home now!
For full details on stamp duty concessions available at http://www.osr.nsw.gov.au/benefits/first_home/first_home_new_home/
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Changes to the Government Guarantee Scheme
In October 2008 the Federal Government introduced a temporary deposit guarantee capped at $1 million per person.
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Rates on hold after first 2012 RBA meeting
Despite economists’ predictions for another rate cut the Reserve Bank have today decided to keep rates at 4.25.
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Why our members joined Encompass Credit Union
Results from the Encompass Credit Union 2011 Online Survey.
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