New South Wales is putting a hold on stamp duty as it aims to boost house construction and jobs amid the coronavirus pandemic.
FIRST HOMEBUYER
Housing sentiment lifted in the June quarter after restrictions started to ease, but the rising number of virus cases in Victoria and NSW could break the fragil…
Young Sydneysiders wishing to purchase their first property will have to save an additional 14 months to secure a deposit as a result of COVID-19.
Dropping property prices will open the door for more first-time home buyers looking to snap up a bargain in the wake of the coronavirus pandemic.
The coronavirus crisis is unlikely to make real estate affordable for young, first-home buyers despite predictions of double-digit price falls, experts say.
First home buyers in NSW have saved almost $1 billion in stamp duty, or an average of $15,000 each, since generous concessions were introduced 18 months ago.
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