12 October 2022
The Australian Banking Association has welcomed the First Home Buyer Choice legislation introduced today by the NSW Government.
The ABA supports proposals which assist first home buyers to enter the housing market.
This policy will allow first home buyers, that meet certain criteria, to be able to choose between paying upfront stamp duty or a smaller annual property fee.
The policy will remove a barrier to home ownership by providing the option to reduce up-front costs for certain first home buyers at the time of purchase. It should encourage greater social mobility by removing a hurdle to some property transactions in NSW.
Further information on this policy is available from the NSW Government.
Latest news
Tom Connell Those people with a home loan who have had a fixed rate are getting a shock as they come off that fixed rate. Often as low as two percent and onto the new variable rate that can be as high as six or even seven percent. So how is that affecting people out… Read more »
Australians facing difficult financial decisions are being reminded to get in touch with their bank and get the support they need to keep repayments on track. The Australian Banking Association (ABA) is extending its ‘don’t tough it out on your own’ campaign which was launched last year, with a further round of advertisements to run… Read more »
Steve Austin Well as you know, the Commonwealth Government has made it clear they consider access to cash a priority for the Australian economy and the country’s largest banks, as well as Coles, Woolworths, companies like Wesfarmers and Australia Post have been trying to put together a short term lifeline for Armaguard, who’s the company… Read more »