The NSW government has extended the first home owner grant, announced ahead of the forthcoming June 17 budget.

The NSW government has extended the first home owner grant, announced ahead of the forthcoming June 17 budget.

First-time buyers who purchase new properties – houses or apartments – worth up to $750,000 will now qualify for the $15,000 payment.

The previous threshold had been $650,000 since the June 2012 budget.

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