NSW State Budget Archives

NSW First Home Buyer Policy released. What does it mean for Gen XY and will it work?

The NSW State Government has announced its First Home Buyer Policy to help Generation X & Y buy their first home. The policy is a part of the NSW State Budget, due to be handed down on 20 June. It’s important to note that these announcements only and need to be passed by State Parliament before they apply. The Changes: Key changes for First Home Buyers 1: Abolishing all stamp duty for first homebuyers on existing and new homes up to $650,000 and stamp duty discounts up to $800,000. These changes, to be introduced on July 1 2017, will provide [...]

What you didn’t know about Housing Affordability and the upcoming NSW State Budget

By Housing Affordability Expert and Certified Financial Planner®, Robert Snell. Many Young Australians and their parents have been left disappointed by the latest Federal Budget with few real measures to address housing affordability. International measures of home affordability suggest that anything above 3 times average annual earnings becomes unaffordable and Sydney is currently travelling at around 12 times and at record highs1. We all should be alarmed and angered by this. The government needs to recognise that rising home prices are not a sign of success and being to house your population is. What you may not know, is that [...]