National Property Buyers rolls out special offers for first home buyers

National Property Buyers is offering special offers to first home buyers as the end of the financial year approaches and New South Wales and Victoria legislate stamp duty changes in the coming weeks.

The property agency’s special offer for first home buyers includes a house-warming gift of up to $1,000 off conveyancing and the flexibility to pay success fee over an agreed time frame.

The average loan size for first home buyers rose $300 to $317,100 between March 2017 and April 2017, according to ABS data. The average loan size for all owner occupied housing commitments rose $3,700 to $371,700 for the same period.

ABS data showed that the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.9 percent in April 2017 from 13.5 percent in March 2017. 

Meanwhile, NSW has scrapped stamp duty for property up to $650,000 from July 1, while homes up to $800,000 will also see a discounted stamp duty.

The Victorian government has also proposed to completely abolish stamp duty for new and existing properties that are up to $600,000. Properties that are between $600,000 and $750,000 will have their stamp duty discounted. Queensland has extended FHB grants. 

For more information from National Property Buyers, click here.