First home buyer eligibility in Mayfield (2304)

First home buyer stamp duty concessions and grants in Mayfield (2304) depend on the purchase price relative to the NSW Government thresholds in effect at the time of purchase. For properties up to $800,000, first home buyers are eligible for a full stamp duty (transfer duty) exemption. A concessional rate applies on properties between $800,000 and $1,000,000. The First Home Owner Grant (FHOG) of $10,000 applies to new dwellings up to $750,000. Mayfield is in the Newcastle LGA.

First home buyer eligibility is not just about the purchase price. It also requires that you have never previously owned residential property anywhere in Australia or overseas, that you intend to live in the property, and that the property meets the relevant definition of residential property for the grant and concession purpose. The Revenue NSW website has an eligibility checker; consult a solicitor or conveyancer before relying on any eligibility assessment in Mayfield 2304.

First home buyer eligibility in nearby suburbs

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