Making your weekly budget stretch that little bit further is an important aim of the NSW Budget. Our Government has progressively introduced a range of cost of living support programs. Currently, there are more than 40 rebates and savings programs that are delivered across government.
Service NSW – a centre of support
A key element of the cost of living measures has been the introduction of the Cost of Living Advisory Service within Service NSW. Offering education and support to the residents of NSW, the service facilitates easy access to a range of rebates and concessions, including:
Homebuyers snap up stamp duty reforms
Reforms reducing stamp duty for first homebuyers have seen more than 43,200 enter the market since the policy began in 2017. Along with other reforms, first home buyers can save themselves up to $34,360 each. We are providing a fairer deal on future property transactions by indexing stamp duty brackets annually to the Sydney Consumer Price Index (CPI) from 1 July 2019.
Powering household savings
NSW households can save up to $1,500 per year on energy costs through our ‘One-Click Energy Switch’ website and the Energy Affordability Package designed to increase competition and drive down costs for families. Residents have already claimed around $300.0 million in rebates.
Supporting the next generation
Supporting children in their formative years is vital for the future prosperity of our state. Programs such as Active Kids and Creative Kids make a real difference to the children of NSW.
The Active Kids program has seen families redeem close to $53.0 million in rebates since January 2018. Similarly, launching in 2019, the Creative Kids program will offer $100 vouchers to eligible families to assist their children in creative pursuits.
From 1 January 2019, NSW parents will be eligible to receive a baby bundle including essential items with a retail value of $300.
In addition, from 1 January 2019, parents will be able to access preschool for three-year olds, saving families on average $825 a year.
Road relief continues for residents
The Government has introduced a range of initiatives to help support road users right throughout the state. The CTP Refund Scheme has seen 3.2 million policyholders claim $206.0 million in CTP savings.
In addition, more than 300,000 residents will benefit from the recently expanded toll relief program with the program extending free or heavily discounted car registration for road users who pay $15 a week or more on average over a year on tolls.
Parking fines have also recently been reviewed across the state. From 1 January 2019, an additional 42 state-issued parking fines will be reduced by 25 per cent. A 10-minute grace period will also be in place for motorists who have paid for parking of an hour or more.
We have also decreased the expense of having a caravan, with registration reduced by 40 per cent so more citizens can get out on the open road and explore our beautiful state.