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The Guardian - AU
The Guardian - AU
National
Ben Smee

NSW to lift stamp duty thresholds for first-home buyers and undo Perrottet reforms

New South Wales
NSW housing
Changes to NSW’s first home buyers assistance scheme will mean properties worth up to $800,000 will be exempt from stamp duty, lifting it from $650,000. Photograph: Lisa Maree Williams/Getty Images

The New South Wales government has vowed to make changes to stamp duty thresholds to allow more first home buyers to access concessions.

The government says it will introduce legislation this week to increase thresholds for stamp duty concessions so that five out of six first home buyers pay a reduced rate or no stamp duty.

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