The areas where first-home buyers are using government handouts

PHOTO: Elena Grasso recently bought her first home with sister Luciana Spina and her sister’s husband Carlo-Marco Spina. Picture: Jonathan Ng

FIRST-HOME buyers are taking full advantage of government grants and incentives, allowing them to gain a foothold back in the marketplace. Changes to legislation in 2017 have given first-home buyers the chance to purchase property under $650,000 without paying stamp duty, while properties priced up to $800,000 will also receive discounts.

On top of this, first-home buyers building a new property worth up to $750,000 are entitled to a $10,000 grant, as are those buying a new home worth up to $600,000.

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