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Legislative reform saves home buyers

by Staff Reporter7 minute read
The Adviser

Staff Reporter

Changes to the NSW Real Property Act 1990 could save home buyers hundreds of dollars.

From 1 July, home buyers will no longer incur any Torrens Assurance Levy, regardless of the purchase price.

Previously, home buyers that spent more than $500,000 on a property were forced to pay the Levy, which started at $400.

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