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
E&OEDoorstop9 News8 October 2026 Topics: Credit card surcharging ban Journalist: The Greens say that to solve this issue, the banks should be paying the credit card surcharge. What’s your response to that? Simon Birmingham: Having a safe, modern, secure payment system does come with huge costs, but banks are already cutting payment fees by around… Read more »
E&OERadio InterviewInterview ABC Adelaide8 October 2026 Topics: Regional banking Nikolai Beilharz: We know bank branches have been closing down, especially in regional areas of South Australia and Australia more broadly, including a number of places that have no local banking representation anymore. Well, a new plan has been put forward by the Australian Banking Association… Read more »
E&OERadio InterviewInterview ABC Illawarra8 October 2026 Topics: Regional banking; Card Surcharging ban Stefan Posthuma: You might have heard that the Commonwealth Bank has announced it’s closing its Albion Park branch next month. That’s despite its recent commitment to not close any regional branches until 2030. You know, this might be a common issue we’re seeing,… Read more »