First Home Buyer Choice Key Features
NSW first home buyers (FHBs) will have the option to exchange stamp duty for an ongoing property tax (First Home Buyer Choice) from the 16th of January 2023.
How the First Home Buyer Choice can help purchase your first home sooner
Under the new First Home Buyer Choice, you can choose to instead pay an annual tax of $400 plus 0.3% of the land value (not the purchase price).