First Home Buyer Apartments

NSW first-home buyers had until July 31 to save $31,000 on stamp duty fees for new homes in New South Wales, with a temporary extension of stamp duty relief ending.

The measure allowed first-home buyers to avoid paying stamp duty on new homes worth up to $800,000.

From August 1, the property price cap for a stamp duty exemption will drop back from $800,000 to $650,000.

<a href="https://www.urban.com.au/developments/sydney-nsw?source_news_article_id=106698&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_13.jpg" width="1200" /></a>

The purchase price cut-off for concessions will also drop from $1 million to $800,000.

Further information can be found at: First Home Buyer Assistance Scheme - https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme.

The biggest benefit was only available from the 1 August 2020 to 31 July 2021 during which the NSW Government increased the transfer stamp duty thresholds for the purchase of new homes and vacant land.

And from the 1st of August 2021, the thresholds revert to the previous parameters in place prior to 1 August 2020.

Buying a first home becomes harder from August 1 in NSW

jchancellor-FAypfDUnLy

NSW first home buyer stamp duty incentives slip backwards from August 1

First home buyers have been snapping up apartments in The Wave, the newest address in Sydney's Rockdale.

The Wave at&nbsp;376 Princes Highway, Rockdale, around 15 kilometres south of Sydney, is being developed by the veteran property development firm Chanine Developments.

The eight-level, CD Architects-designed block of just 35 apartments has been a hit with first home buyers who took advantage of the HomeBuilder grant prior to the end of March, as well as the first home buyer stamp duty concessions.

There are now only around 10 apartments left.

Ziad&nbsp;Chanine, the managing director of CD Architects,&nbsp;said the location of The Wave,&nbsp;positioned at the entry gateway into Rockdale town centre, dictated its unique design.

[smartcode_project:default project_id=6207]

"We felt it fitting to design a building which would welcome you into the town centre upon approach as well as creating an identifying landmark in the region," Chanine said.

"We embarked on the creation of something not of the normal order of apartment development in the region and the feedback has been tremendous."

Chanine said inspiration came from iconic buildings like the North Bondi Surf Life Saving Club.

"The design employs a flowing, curvilinear form to create an attractive architectural built element whilst angling balconies to capture views and vistas of Botany Bay through to Sydney CBD skyline.

<a href="https://www.urban.com.au/new-apartments/the-wave-380-princes-highway-rockdale"><img alt="" data-entity-type="" data-entity-uuid="" height="980" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_wave_main.jpg" width="800" /></a> 
Construction of The Wave is nearly complete. Image supplied

"The crackled tiles are an eye catching element along the wave-shaped balconies, reflecting the natural texture and landscape.

Most apartments left are priced under $800,000 which means first home buyers won't have to pay stamp duty for one or two bedroom apartments.

One bed apartments are priced from $595,000, two bedrooms from $690,000 and three bedrooms from $870,000.

Haus Agency director Alex Vrisakis said the development offers all the comforts buyers need in a first home, but is also attractive for the downsizer from a large family home.

The eight-level, CD Architects-designed block of just 35 apartments has been a hit with first home buyers



Joel Robinson

First home buyers nab Wave Rockdale apartments as completion nears

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First home buyers are choosing to secure a home in Clayton South’s Aster Apartments, as the developer, Cedar Woods, scraps stamp duty on the already affordable homes.

The project, which already qualifies for the Federal Government’s $15,000 HomeBuilder grant until March 31, is expected to become popular with buyers who may not have been able to get their foot in the door otherwise.

“The current low interest rates and government incentives mean that for many first home buyers, it is cheaper to own than to rent”, said Cedar Woods COO Patrick Archer.

“Right now, first home buyers should be looking to take advantage of all the government grants and concessions while they can.”

<a href="https://www.urban.com.au/new-apartments/aster-apartments-456-haughton-road-clayton-south" target="_blank"><img alt="" height="468" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/secondary-images-1-aster-1000px-wide_1.jpg" width="1000"></a>

Designed by DKO Architecture, the residential development is the final release in the successful master-planned community, Jackson Green.

With one-bedroom, one-bathroom apartments priced from $396,800, the project offers opportunities for buyers who may otherwise be priced out of the suburb.

Boasting timeless design and intuitive, modern floorplans, each apartment in Aster includes engineered timber flooring, floor-to-ceiling joinery and open-plan living.

<a href="https://www.urban.com.au/new-apartments/aster-apartments-456-haughton-road-clayton-south" target="_blank"><img alt="" height="631" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/secondary-images-2-aster-1000px-wide_1.jpg" width="1000"></a>

Private courtyards and balconies deliver social spaces for entertaining, while electric car charging facilities and water reuse systems reduce the entire neighbourhood’s carbon footprint.

Aster Apartments is close to public transport, with existing amenity such as supermarkets and schools close by, including Monash University and Monash Medical Centre.

<a href="https://youtu.be/ADWvST3VQqU" target="_blank">View Aster’s display suite tour here</a>.
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Designed by DKO Architecture, the residential development is the final release in the successful master-planned community, Jackson Green

First Home Buyer Apartments

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