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New South Wales is Australia's most expensive property market, with a Sydney median house price of approximately $1.47 million and a statewide median of around $870,000. While those headline figures can be daunting, NSW also offers some of the country's most generous first home b
Yes, but they have different thresholds. The FHOG applies to new homes up to $600,000. The stamp duty exemption applies to any home (new or existing) up to $800,000. If you buy a new home under $600,000, you can claim both - saving over $30,000 in total.
The NSW FHOG and stamp duty exemption have no income test. The federal First Home Guarantee has an income limit of $125,000 (single) or $200,000 (couple). The FHSSS has no income limit.
No. To qualify for NSW first home buyer benefits, you must live in the property as your principal place of residence for at least 6 continuous months (FHOG) or 12 months (stamp duty exemption). Investment properties do not qualify.
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