August 16, 2013
First home buyers are entitled to a 40% rebate on Stamp Duty as of 1st July, 2013. This will increase to 50% in 2014.
Unfortunately the Government has removed the $7000 grant for established purchases and increased the grant to $10,000 for brand new purchases.
Hopefully the Federal Government will do something to further assist first home buyers who purchase established homes in the near future.