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&OERadio InterviewABC Radio National Hour24 March 2026. Topics: Australia-EU free trade deal Fran Kelly (Host): Total two-way trade between Australia and the EU was worth nearly $110 billion in the last financial year, and this Free Trade Agreement is expected to be worth an extra 10 billion in the first year alone. But farmers are… Read more »
Leading Australian business, industry, investment and peak body organisations welcome the conclusion of the Australia–European Union Free Trade Agreement, the establishment of the Australia–EU Security and Defence Partnership, and the decision to fast-track negotiations for Australia’s association with Horizon Europe. These outcomes provide much-needed clarity and confidence at a time when businesses, investors, and researchers… Read more »
E&OE Radio Interview FiveAA Breakfast with David Penberthy and Will Goodings 17 March 2026. Topics: Tax paid by Australian banks; RBA Powers to regulate big tech David Penberthy (Host): Well, it’s a big amount of money, $16 billion that’s how much tax Australia’s biggest banks paid last year. And at the same time, organisations like Apple, Google and Meta, you think about the ease with which and the frequency with which we… Read more »