Former NSW govt’s first-home buyer reforms stamped out

Chris Minns said his government's stamp duty reform would benefit vastly more first-home buyers. Photo: AAP

A signature reform of the Perrottet government targeting first-home buyers is likely headed for the scrap heap as the NSW Labor government secures support from key members of the cross bench.

Labor will introduce laws on Tuesday to increase exemptions on stamp duty or first-home buyers, up from a previous cap of $650,000 to $800,000, and introduce concessions on homes up to $1 million.