Some good news for first home buyers!

Premier Gladys Berejiklian has just announced housing affordability reforms, and first home buyers are the big winners.

From July 1, first home buyers of both existing and new properties costing up to $650,000 will be exempt from paying stamp duty, and for properties up to $800,000 there will be stamp duty discounts. On top of this the 9 per cent stamp duty charged on lenders’ mortgage insurance will be abolished.

So it’s good news, but what exactly does it mean for you? Give us a call today and find out.

Read full SMH article here.