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The New Daily
The New Daily
National
Luke Costin and Maureen Dettre

Death knell for NSW’s first-home buyer experiment

Chris Minns New South Wales Labor
The First Home Buyer Choice program which allows people to dodge upfront costs will be closed off. Photo: AAP

An experiment allowing first-home buyers to dodge substantial upfront costs will be replaced with a new scheme that will exempt the majority of them from paying any stamp duty.

Premier Chris Minns says the new system will be fairer, simpler and mean five out of every six first home buyers will pay no tax or a reduced rate.

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