Getting more people into their first home
The First Home Buyers Assistance Scheme has propelled the number of NSW residents able to buy their first home. Since its 1 July 2017 introduction, 13,672 first home buyer transfer duty exemptions and concessions were approved over the five months to November 2017. This is more than triple the 3,970 over the same period a year earlier.
First home buyers received transfer duty concessions and exemptions worth $197 million over the five months from 1 July 2017 – an average of 2,700 exemptions per month.
In total, first home buyers can save as much as $34,000, with transfer duty eliminated for properties up to $650,000 and concessions available for homes between $650,000 and $800,000.
Affordable energy for families
$169.8 million over three years
With energy costs proving a challenge for households and businesses around Australia, the NSW Government’s energy rebate scheme provides vital assistance to those who need it most, including low-income households, pensioners and those with special medical needs.
The Half-Yearly Review includes increases of around 20 per cent in energy rebates – the largest in five years and forming part of the Government’s Energy Affordability Package to help NSW households and small businesses save energy and money.
Cutting costs for toll users
$162 million over four years
From 1 July 2018, motorists who frequently use toll roads will be able to receive free car registration, slashing the on-road costs of toll road users by up to $715 per year.
Motorists will be eligible for the scheme if they spend more than $25 a week, on average, over 12 months on eligible tolls.
Recent reforms to CTP Green Slips provide a further cost saving for vehicle owners, while the Government has released the FuelCheck app, allowing motorists to compare fuel prices and find the best deal.
Active Kids vouchers help families get kids into sport
$207 million over four years
In the 2017-18 Budget, the Government announced Active Kids, a new program to help families meet the cost of getting their kids into sport.
The program officially commences from January 2018, when families in NSW will be eligible to receive a voucher of up to $100 a year for each child in school, helping
to cover the cost of a range of activities, including soccer, swimming and tennis.
Helping those in need - Social and Affordable Housing – Phase 2
1,200 additional homes
Those needing a helping hand in securing a place to live will have access to an additional 1,200 new homes under the second phase of the Social and Affordable Housing Fund (SAHF).
The program follows the SAHF Phase 1, which committed to building 2,200 homes. The fund doesn’t just provide housing, it takes a holistic approach to those in need by providing access to family support, community engagement and other services.