Tag: home buying assistance
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NSW First Home Buyer Choice Scheme Eases Property Entry
The First Home Buyer Choice scheme, a NSW government initiative, allowed first homebuyers to choose between paying upfront stamp duty or an annual property tax. Launched on 11 November 2022, the scheme aimed to assist first home buyers in NSW in navigating the high property prices prevalent in the state. The option to pay an…
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Government’s Help to Buy Initiative Eases Property Ownership Burden
In 2025, a new government initiative called Help to Buy aims to assist low- to middle-income households in purchasing property in Australia. The scheme, passed by the Federal Parliament in November 2024, is expected to launch in 2025. Unlike previous initiatives, Help to Buy involves the government making a significant contribution towards a buyer’s property…