The most-viewed house on property site Realestate.com this week is, surprisingly, not actually built yet.
Beating out fitness mogul, Kayla Itsines’, recently listed home in Malvern, South Australia, is a house and land package in Sydney’s north-western suburb of Riverstone.
And there’s an intriguing offer at hand: “Grab a huge government rebate of $25,000 on full turnkey style house and land package,” the listing states.
Of course, the government rebate the listing is referring to is the Coalition’s HomeBuilder grant. The grant offers $25,000 to Australians pledging to build a new home or renovate their own.
There are a few designs available for the Campbell Street location, and buyers can visit the builder’s display home at their venue in Box Hill to get a sense of what could potentially be their future home.
The home will include four bedrooms, two bathrooms, an open-plan living, kitchen and dining area as well as a second living area. There’s also a double locked-up garage, and the kitchen boasts 900mm stainless steel appliances and 20mm stone benchtops.
Bear in mind the pictures are just for illustrative purposes, and are simply a guide at this stage.
What concessions do first home buyers get in Sydney?
First home buyers in Sydney who purchase new homes can receive a grant of $10,000 from the government, as well as stamp duty concessions if their home is valued at $650,000 or less.
If the home is valued between $650,000 and $800,000, buyers can apply for a concessional rate of transfer duty, and the amount you pay will be based on the value of your home.
This, combined with the government’s HomeBuilder grant, totals $35,000 in concessions plus any extra stamp duty exemptions.
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