FAQs on the New Bill: First Home Buyers in NSW Can Now Choose an Annual Property Tax in Place of Stamp Duty
On 21 June this year, the New South Wales Government introduced a new housing policy for first home buyers called the “First Home Buyer Choice”, which allows eligible buyers to choose to pay an annual property tax instead of a lump-sum stamp duty. After five months of negotiation, the property reform backed by NSW Premier Dominic Perrottet has now passed Parliament.
