Benefits to first home buyers purchasing a newly constructed home

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With a focus on boosting new housing construction, the NSW Government recently released its Budget for 2011-2012.

From 1 January 2012, First Home Plus exemptions and concessions

will be replaced by the First Home - New Home Scheme.

Currently, eligible purchasers will pay no stamp duty on any homes valued up to $500,000 and there are concessions on duty for homes valued between $500,000 and $600,000.

Please see full article below for more information.

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