Property – 16 Holden Avenue, Kiama
The month of May has remained steady, with 8 sales amongst our agents. Achieving amazing results across the board with a significant spotlight on 76 Stafford Street, Gerroa selling for a staggering sale price of $5,500,000! We also had 5 Kiarama Avenue, Kiama Downs go under the hammer in May achieving a great result of $1,580,000.
There are changes coming for first home buyers, as we know governments can and will change their minds, every move they make changes the way you play the game. It creates winners and losers, and out of that comes opportunity!
The Labor party intends to introduce legislation into NSW Parliament as of the end of May, in an effort to ease the financial burden for First Home Buyers. The legislation will provide relief for 5 out of 6 First Home Buyers who purchase after Saturday, 1st July 2023, after the current First Home Buyer scheme ends at the end of this financial year.
Changes to Stamp Duty in NSW will see First Home Buyer’s saving up to thousands of dollars in stamp duty, we have added the table below for thresholds and new stamp duty amounts.
Finally, the requirement to live in a home will be increased from 6 months to 12 months, in a further effort to improve the integrity of the program. To read more click here.
Governments rarely focus on supply, instead playing with demand through first-home buyer grants, incentives and discounts. Even in a time of housing affordability or rental crisis, there’s active encouragement for anyone to sell!
The Team at First National Coast & Country
Seeing our community thrive is important to us as an organisation, that is why we continue to support as many local organisations as we can. In particular, those who help to promote the health and well being of our local people.
We are proud continuous sponsors of Kiama Central Netball Club! See below our Sales Associate Abbey Murphy awarding Rochelle from Kiama Central Netball Club the First National Coast & Country volunteer of the month of May!