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| NEWS // Housing Construction Accelerat |
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The NSW Government announced a Housing Construction Acceleration Plan (HCAP) in the 2009/10 Budget.
The HCAP means that transfer duty on certain contracts for sale or transfers of certain property in NSW will be cut by 50%.
The plan applies to anyone other that persons eligible for a First Home Owner Grant or for NSW First Home Plus stamp duty benefits.
The HCAP will only be available:
-to an agreement for sale of a new home that is complete and ready for occupation that has not previously been occupied or sold as a place of residence (and this can include a substantially renovated home)
-executed on or after the 1st of July 2009 and before 1 January 2010
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Bermagui Real Estate
    
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