More than 200 first homebuyers across the 2250 postcode have been helped into their first home thanks to the NSW Government’s First Home Buyers Assistance Scheme.
Member for Gosford Liesl Tesch said the 237 first homebuyers are building lives here, opening businesses, having families and creating a future in our community.
“Under this program, first homebuyers are able to save up to $30,735, enabling people to get into a property market that they might not otherwise have been able to afford,” she said.
“Housing affordability is a significant issue for our community and the NSW Government is committed to making it more affordable for first homebuyers to get into the market, while addressing housing supply with once in a generation planning reforms.”
The First Home Buyers Assistance Scheme was expanded on July 1, 2023, increasing the threshold for a stamp duty exemption from $650,000 to $800,000 and lifting the stamp duty concession threshold from $800,000 to $1M with 161 first homebuyers across the 2250 postcode receiving a full exemption from stamp duty on eligible homes and land, saving a combined $3.62M.
A further 76 first homebuyers received a concession on their stamp duty when purchasing a home for between $800,000 and $1M, saving a combined total of $1.46M.
“Unlike the former government’s forever land tax, this scheme is a fairer assistance program, which has already saved first homebuyers on the Central Coast more than $5M as they look to buy their dream home,” Tesch said.
“The Central Coast is such a beautiful place to live and it is so exciting that 237 first homebuyers are now able to enjoy our wonderful Coast with the stability and certainty of home ownership.”