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NSW stamp duty changes for first home buyers starts this weekend

Member alert

NSW stamp duty changes for first home buyers starts this weekend

Member alert
Legislation has passed parliament to give first home buyers in NSW a choice to forego hefty upfront stamp duty payments and instead pay an annual property tax. The Property Tax (First Home Buyer Choice) Bill 2022 was debated in the Upper House this week and given assent this morning, Friday 11 November 2022.
Housing Industry Association (HIA) is Australia's largest residential building association, committed to keeping members up to date and on the pulse of the ever changing building and business landscape.  

Members get unlimited access to news, content, resources and more...

Joining Australia’s largest national association for the residential building industry, gives you access to a huge range of industry products and business services to manage, operate and grow your business.
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Breaking news
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17 Jun
HIA calls for Work from Home laws to be abandoned

The Housing Industry Association (HIA) is calling on the Victorian Government to abandon its proposed legislation that would create a legislated right to work from home, warning the changes would impose additional regulatory pressure on businesses already struggling.

17 Jun
HIA warns of fresh housing cost rise without fuel excise extension

The Housing Industry Association (HIA) has called for a three-month extension of the fuel excise relief and pause on heavy vehicle road user charges that lapse on 30 June, which risk triggering another round of housing materials cost increases.

17 Jun
Feasibility constraints need to be addressed to combat housing supply shortages

“Today’s HIA Feasibility Forum highlighted that significant changes are needed to make new housing projects stack up,” said Brad Armitage HIA Executive Director NSW.

17 Jun
Australia's Housing Shortage To Worsen As Home Building Falls Behind Population Growth

“HIA estimates that Australia needed to build more than 250,000 homes last year just to keep pace with demand growth and begin reducing the housing shortage. Instead, we commenced construction of just 196,000 homes. That gap is why housing affordability continues to deteriorate," stated Tim Reardon, HIA's Chief Economist.