diff --git a/packages/webpack/package.json b/packages/webpack/package.json
index 7c94b8ef9..e674ab6f6 100644
--- a/packages/webpack/package.json
+++ b/packages/webpack/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@nativescript/webpack",
-  "version": "3.0.1",
+  "version": "3.0.2",
   "main": "index",
   "description": "Webpack plugin for NativeScript",
   "homepage": "https://nativescript.org",
diff --git a/packages/webpack/templates/webpack.react.js b/packages/webpack/templates/webpack.react.js
index 27d5912cf..d9c3f9062 100644
--- a/packages/webpack/templates/webpack.react.js
+++ b/packages/webpack/templates/webpack.react.js
@@ -1,3 +1,7 @@
+/**
+ * @see https://github.com/NativeScript/NativeScript/tree/feat/ns7-finishing-touches/packages/webpack/templates
+ * @see https://github.com/NativeScript/NativeScript/pull/8801/files
+ */
 const webpackConfig = require("./webpack.typescript");
 const webpack = require("webpack");
 const ReactRefreshWebpackPlugin = require('@pmmmwh/react-refresh-webpack-plugin');
@@ -8,105 +12,77 @@ module.exports = (env) => {
     const production = env.production;
     const isAnySourceMapEnabled = !!env.sourceMap || !!env.hiddenSourceMap;
 
-    const babelOptions = {
-        sourceMaps: isAnySourceMapEnabled ? "inline" : false,
-        babelrc: false,
-        presets: [
-            // https://github.com/Microsoft/TypeScript-Babel-Starter
-            "@babel/env",
-            "@babel/typescript",
-            "@babel/react"
-        ],
-        plugins: [
-            ...(
-                hmr && !production ?
-                    [
-                        require.resolve('react-refresh/babel')
-                    ] :
-                    []
-            ),
-            ["@babel/plugin-proposal-class-properties", { loose: true }]
-        ]
-    };
-
     const baseConfig = webpackConfig(env);
 
-    // Remove ts-loader as we'll be using Babel to transpile the TypeScript instead.
-    baseConfig.module.rules = baseConfig.module.rules.filter((rule) => {
-        const isTsLoader = rule.use && rule.use.loader === "ts-loader";
-        return !isTsLoader;
-    });
+    /** Find the rule for transpiling ts files ("ts-loader"), and modify it to test for .tsx files too. */
+    const tsxRule = baseConfig.module.rules.find(rule => rule.use && rule.use.loader === "ts-loader");
+    tsxRule.test = /\.(ts|tsx)$/;
+    tsxRule.use = [
+        /**
+         * Add React Refresh HMR support.
+         * @see https://github.com/pmmmwh/react-refresh-webpack-plugin/blob/55028c6355b31e697e21bf3e9a48613a7b94bee7/examples/typescript-without-babel/webpack.config.js#L18-L21
+         */
+        hmr && !production && {
+            loader: "babel-loader",
+            options: {
+                sourceMaps: isAnySourceMapEnabled ? "inline" : false,
+                babelrc: false,
+                plugins: ['react-refresh/babel']
+            }
+        },
+        tsxRule.use,
+    ].filter(Boolean);
 
-    // Modify "nativescript-dev-webpack/hmr/hot-loader" to test for .tsx files
-    // (and also js(x) files, which it should have been doing to begin with!)
-    baseConfig.module.rules.some(rule => {
-        const isNativeScriptDevWebpackHotLoader = rule.use === "nativescript-dev-webpack/hmr/hot-loader";
-
-        if(isNativeScriptDevWebpackHotLoader){
-            rule.test = /\.(ts|tsx|js|jsx|css|scss|html|xml)$/;
-        }
-
-        return isNativeScriptDevWebpackHotLoader; // Break loop once we've found the one.
-    });
-
-    baseConfig.module.rules.push(
-        {
-            test: /\.[jt]s(x?)$/,
-            exclude: /node_modules/,
-            use: [
-                {
-                    loader: "babel-loader",
-                    options: babelOptions
-                }
-            ],
-        }
+    /**
+     * Modify "nativescript-dev-webpack/hmr/hot-loader" to test for .tsx files
+     * (and also js files, which it should have been doing to begin with!)
+     */
+    const nativeScriptDevWebpackHotLoader = baseConfig.module.rules.find(rule =>
+        rule.use === "@nativescript/webpack/hmr/hot-loader"
     );
+    nativeScriptDevWebpackHotLoader.test = /\.(ts|tsx|js|css|scss|html|xml)$/;
 
-    baseConfig.resolve.extensions = [".ts", ".tsx", ".js", ".jsx", ".scss", ".css"];
+    /** We don't officially support JSX. Makes the webpack config rather more complicated to set up. */
+    baseConfig.resolve.extensions = [".tsx", ...baseConfig.resolve.extensions];
     baseConfig.resolve.alias["react-dom"] = "react-nativescript";
 
-    // Remove ForkTsCheckerWebpackPlugin because, now that we're using Babel, we'll leave type-checking to the IDE instead.
-    baseConfig.plugins = baseConfig.plugins.filter(plugin => {
-        const isForkTsCheckerWebpackPlugin = plugin && plugin.constructor && plugin.constructor.name === "ForkTsCheckerWebpackPlugin";
-        return !isForkTsCheckerWebpackPlugin;
-    });
+    /** Augment NativeScript's existing DefinePlugin definitions with a few more of our own. */
+    const existingDefinePlugin = baseConfig.plugins.find(plugin =>
+        plugin && plugin.constructor && plugin.constructor.name === "DefinePlugin"
+    );
+    baseConfig.plugins.splice(
+        baseConfig.plugins.indexOf(existingDefinePlugin),
+        1,
+        new webpack.DefinePlugin({
+            ...existingDefinePlugin.definitions,
+            /** For various libraries in the React ecosystem. */
+            "__DEV__": production ? "false" : "true",
+            "__TEST__": "false",
+            /**
+             * Primarily for React Fast Refresh plugin, but technically the allowHmrInProduction option could be used instead.
+             * Worth including anyway, as there are plenty of Node libraries that use this flag.
+             */
+            "process.env.NODE_ENV": JSON.stringify(production ? "production" : "development"),
+        }),
+    );
 
-    // Augment NativeScript's existing DefinePlugin definitions with a few more of our own.
-    let existingDefinePlugin;
-    baseConfig.plugins = baseConfig.plugins.filter(plugin => {
-        const isDefinePlugin = plugin && plugin.constructor && plugin.constructor.name === "DefinePlugin";
-        existingDefinePlugin = plugin;
-        return !isDefinePlugin;
-    });
-    const newDefinitions = {
-        ...existingDefinePlugin.definitions,
-        /* For various libraries in the React ecosystem. */
-        "__DEV__": production ? "false" : "true",
-        "__TEST__": "false",
-        /*
-         * Primarily for React Fast Refresh plugin, but technically the forceEnable option could be used instead.
-         * Worth including anyway, as there are plenty of Node libraries that use this flag.
-         */
-        "process.env.NODE_ENV": JSON.stringify(production ? "production" : "development"),
-    };
-    baseConfig.plugins.unshift(new webpack.DefinePlugin(newDefinitions));
-    
-    /**
-     * Set forceEnable to `true` if you want to use HMR on a production build.
-     */
-    const forceEnable = false;
-    if(hmr && (!production || forceEnable)){
+    if(hmr && !production){
         baseConfig.plugins.push(new ReactRefreshWebpackPlugin({
             /**
              * Maybe one day we'll implement an Error Overlay, but the work involved is too daunting for now.
              * @see https://github.com/pmmmwh/react-refresh-webpack-plugin/issues/79#issuecomment-644324557
              */
             overlay: false,
-            forceEnable,
+            /**
+             * If you (temporarily) want to enable HMR on a production build:
+             *   1) Set `forceEnable` to `true` 
+             *   2) Remove the `!production` condition on `tsxRule` to ensure that babel-loader gets used.
+             */
+            forceEnable: false,
         }));
     } else {
         baseConfig.plugins = baseConfig.plugins.filter(p => !(p && p.constructor && p.constructor.name === "HotModuleReplacementPlugin"));
     }
 
     return baseConfig;
-};
+};
\ No newline at end of file