Real Estate FROM COAST TO COUNTRY
Stamp duty savings Brand new homes MANY FIRST home buyers will pay no stamp duty from July 1 after changes to the First Home Buyer Legislation Amendment Bill put forward by the new Minns government passed the NSW Upper House on Thursday, June 1. The legislation passed the lower house on May 31 before being debated and passing an upper house vote. The new legislation will make stamp duty exemptions and concessions available to more people, which was an election commitment of the NSW Labor government to implement “a fairer, simpler way to help more first home buyers.” Under the reforms, the stamp duty exemption threshold will rise from $650,000 to $800,000 on July 1 this year. Additionally, stamp duty concessions will apply to properties worth between $800,000 and $1 million. The measures will see first home buyers
save up to $31,090. The Minns government said the former Perottet government’s proposed land tax scheme which would have seen first home owners paying annual land tax in lieu of stamp duty was unfair because it gave people paying between $1 million and $1.5 million much larger stamp duty reductions than those able to afford homes under $1 million. That scheme will close on June 30. However, grandfathering provisions mean anyone who opted into it will be able to continue paying land tax until they sell their property. The reform means that 84 per cent of first home buyers will be able to access the assistance, giving them an advantage over investors bidding for the same property. Based on current market conditions, NSW Treasury expects around 8,600 first home buyers each year to qualify for a total exemption from stamp duty, and 4,400 people to enjoy a concessional rate of stamp duty.
Open Homes Saturday, June 10 DJ Stringer Property Services
4/27-29 Dutton St, Coolangatta ‘$770,000’ 9-9:30am 39 Clonakilty Cl, Banora Point ‘Price Guide $850K-$890K’ 1011am 11/22 Binya Ave, Tweed Heads ‘Price Guide $595K-$650K’ 11:3012pm 5/201 Golden Four Dr, Bilinga ‘Interest Over $695,000’ 11:3012pm 501/46 Pacific Pde, Bilinga ‘Interest Over $2.750M’ 12:30-1pm
JET Real Estate
8 Point Lookout Chase, Murwillumbah 9:30-10am
By Jo Kennett WITH NEW stamp duty legislation coming, it could be the perfect time for first home buyers, or anyone else who loves the thought of owning a home that has never been lived in before, to splash out on a new home in Murwillumbah’s Hundred Hills Estate. MANA Real Estate Agency now has two brand new Hotondo Homes for sale in Hundred Hills Estate. “We have been proudly involved since the beginning when we sold more than 30 lots in the release,” MANA founder JulieAnn Manahan said. “Now, Hotondo Homes has finished building the spectacular spacious homes, and we have some exciting new listings on the market. “Nestled in the picturesque surroundings of the Murwillumbah hinterland, this estate is a unique blend of natural beauty and modern living. “Hundred Hills offers the best of both worlds; the tranquillity of the surrounding hills and panoramic views, with all the essential amenities, schools, conveniences and world-class galleries, cafes and markets of Murwillumbah only five minutes away. “Weekends will be packed with fun — take your pick from a walk in the hinterland, a dip in a waterhole or a drive to the beach.
585 Tumbulgum Road, Tygalgah 9:30-10am 28 Eyles Avenue, Murwillumbah 10:30-11am 3 Cougal Street, Tyalgum 11-11:30am 15 Stafford Street, South Murwillumbah 11:30-12:00pm 18 Wollumbin Street, Tyalgum 12-12:30pm 135 Bakers Road, Dunbible 12:30-1pm
MANA Real Estate
3/1 Yalla Kool Drive, Ocean Shores. Sat 9-9.30am 2A Oba Place, Ocean Shores. Sat 9-9.30am 15 Natan Court, Ocean Shores. Sat 10-10.30am 46 Narooma Drive, Ocean Shores. Sat 10-10.30am 20 O’Flynn Street, Lismore Heights. Sat 10-10.30am 8 Redgate Road, South Golden Beach. Sat 11-11.30am 1/6 Boondoon Crescent, Ocean Shores. Sat 11-11.30am 2/6 Boondoon Crescent, Ocean Shores. Sat 11-11.30am 6 Colli Close, Ocean Shores. Sat 12-12.30pm
“There’s a strong sense of community at Hundred Hills. With parks, walking trails, recreational areas, and communal spaces, it’s an ideal estate for families and a great opportunity to engage with like-minded people and build lasting relationships.” Julie-Ann said Hotondo Homes have premium fittings and top-notch appliances and design extras, like an open butler pantry, LED lighting, expansive windows and vaulted ceilings. “Hotondo Homes recognises the importance of sustainable and energyefficient building practices which is important to us,” she said. “They incorporate energy-efficient features and environmentally friendly materials into their homes, helping homeowners reduce their carbon footprint and save on energy costs. “The gardens are beautifully landscaped with alfresco living top of mind, making them the ideal family home. Open homes on Saturday and Sunday: 66 Castle Field Drive: 11am-11.30am, 86 Castle Field Drive: 12pm-12.30pm.
10 Beach Avenue, South Golden Beach. Sat 12-12.30pm 66 Castle Field Drive, Murwillumbah. Sat 12.30-1pm 86 Castle Field Drive, Murwillumbah. Sat 1.15-145pm
Tate Brownlee Real Estate
5/40 Martinelli Avenue, Banora Point, 9-9:30am 3 Clonakilty Close, Banora Point, 9-9:30am 41 Lochlomond Drive, Banora Point, 10-10:30am 4B Oyster Point Road, Banora Point, 10-10:30am 22 Oakland Parade, Banora Point, 10:30-11am 74 Botanical Circuit, Banora Point, 11-11:30am 85 Winders Place, Banora Point, 11-11:30am 5 Dromara Court, Banora Point, 11:15-11:45am 13 Australia Drive, Terranora, 12-12:30pm 37 Seaview Street, Tweed Heads, 12-12:30pm 676 Terranora Road, Terranora, 1-1:30pm 56 Honeymyrtle Drive, Banora Point, 2-2:30pm 7 Sandpiper Avenue, Tweed Heads, 3-3:30pm
You, Me + MANA = Together we'll make your Property dream a reality. 90006
By Jo Kennett
Your Northern Rivers & Tweed Real Estate Agency