More in­cen­tive to build your first home

Southern Riverina news - - BUILDING & RENOVATION -

The NSW Gov­ern­ment’s new hous­ing af­ford­abil­ity pack­age will de­liver a huge boost for first home own­ers.

In ad­di­tion to new stamp duty ex­emp­tions for all new and ex­ist­ing homes val­ued up to $650,000, those who build their first home will also have ac­cess to the $10,000 First Home Owner Grant (New Homes).

Ber­ri­gan Shire Coun­cil di­rec­tor cor­po­rate ser­vices Matt Hansen said the pack­age would pro­vide more op­por­tu­ni­ties for po­ten­tial home builders.

‘‘Coun­cil wel­comes the pack­age be­cause it en­cour­ages peo­ple to buy and de­velop in Ber­ri­gan Shire,’’ he said.

‘‘Our vi­sion is to at­tract fam­i­lies with young kids and first home buy­ers tend to fall into those cat­e­gories, so we’re hop­ing it will pro­vide ad­di­tional in­cen­tive to live or stay in the area.

‘‘It should also im­prove hous­ing stock.’’

Rob Crow & Co Real Es­tate owner Rob Crow said the pack­age pro­vides first home buy­ers with ex­tra sup­port without hav­ing to ‘‘jump through hoops’’.

‘‘With low in­ter­est rates, now is the time to en­ter the real es­tate mar­ket — it’s only go­ing to get dearer,’’ he said.

‘‘The pack­age is cost and time sav­ing for first home buy­ers and builders, pro­vid­ing more in­cen­tive for them to pur­chase and stay in the area.

‘‘Land is be­ing eaten up es­pe­cially in Tocumwal and Ba­rooga, and there’s al­ways been strong in­ter­est from fam­i­lies out­side the area think­ing about mov­ing here.

‘‘The pack­age will only en­cour­age and boost that.’’

For more in­for­ma­tion, go www.nsw.gov.au/housin­gafford­abil­ity. to

RIGHT: Maw­son Con­crete & Quar­ries batch driver Phil Oliver.

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