12 October 2022
The Australian Banking Association has welcomed the First Home Buyer Choice legislation introduced today by the NSW Government.
The ABA supports proposals which assist first home buyers to enter the housing market.
This policy will allow first home buyers, that meet certain criteria, to be able to choose between paying upfront stamp duty or a smaller annual property fee.
The policy will remove a barrier to home ownership by providing the option to reduce up-front costs for certain first home buyers at the time of purchase. It should encourage greater social mobility by removing a hurdle to some property transactions in NSW.
Further information on this policy is available from the NSW Government.
Latest news
Michael McLaren (Host): Well, here we are at the Easter Show, the great celebration of country life in the city, but it’s also an important platform this to better understand the challenges that the regions face. Now, yesterday, we looked at the floods. Today, I want to look at the banks. Now in the regions,… Read more »
The ABA is reminding customers across North and Far North Queensland that they don’t have to tough it out on their own, as they continue to recover from February’s severe flooding event. ABA CEO Anna Bligh recently met with Queensland’s State Recovery Coordinator Andrew Cripps to discuss how banks can assist customers facing financial difficulty… Read more »
Banks stand ready to support customers in western Queensland and parts of New South Wales affected by heavy rainfall and flooding. ABA CEO Anna Bligh said customers don’t have to tough it out on their own and banks have a range of practical measures to assist those facing financial stress. “This is a challenging time… Read more »