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Existing Home Owners Sell Now Before!

Posted by Tony Zorzo
Tony Zorzo
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on Saturday, 16 June 2012 in Global

Recent press release by the the NSW State Government indicated that first home buyer concessions will be swithched off on existing homes from the 30th September 2012 with the focus being put onto new home builders.

If you own an existing home valued less than say $550,000 and you are considering selling some time over the next 12 months, I would strongly suggest that you plan your sale to take place now as time is running out to take advantage of first home buyers that may not be able to afford a brand new home.

Think of it this way;

Sell today to a first home buyer at potentially higher price than say after the 30th September 2012 where prices may slide off by up to 10%. In some parts of the state we have already experienced a slowing in home sales after stamp duty concessions were removed from 1st of January 2012.

If you are moving and looking to buy a newly built or off the plan home you will, from 1st July 2012,  have access to a $5,000 grant, on homes up to $650,000.

Visit the following link for more information. http://www.osr.nsw.gov.au/legislation/budget/2012/

Tony Zorzo

Licensed Real Estate Agent








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