50% savings on stamp duty in NSW

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Don’t forget that the 50% off stamp duty on all newly built homes will apply only until 31 December 2009.

The 50% discount on stamp duty is part of the economic stimulus plan of the New south Wales Government to help all eligible buyers of newly built homes up to $600,000.

The stamp duty discount starts from 1 July 2009 as part of the state government’s Housing Construction Acceleration Plan.

On a $600,000 purchase, the government estimates savings up to $11,245 for first home buyers.

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