This sounds like a kick-start to NSW, especially for new dwellings:
"In what he described as an "Australian first", Mr Roozendaal announced the centrepiece of his budget: for the next two years from July 1, stamp duty would be cut to zero for people buying a home or apartment worth under $600,000 off the plan.
The measure, which represents a saving of $22,490 on the purchase of a new home, is forecast to cost the government $60 million a year.
For anyone buying a new home already under construction or newly completed and worth up to $600,000, there will be a stamp duty cut of 25 per cent or $5623.
And in what is cast as a measure to assist downsizing by retirees, no stamp duty will be payable for anyone aged over 65 who buys a newly built home worth up to $600,000.
The government has already announced it will cap the amount councils can charge developers on new developments to $20,000."
http://www.smh.com.au/nsw/states-economy-back-in-the-black-with-101m-surplus-20100608-xs4j.html
"In what he described as an "Australian first", Mr Roozendaal announced the centrepiece of his budget: for the next two years from July 1, stamp duty would be cut to zero for people buying a home or apartment worth under $600,000 off the plan.
The measure, which represents a saving of $22,490 on the purchase of a new home, is forecast to cost the government $60 million a year.
For anyone buying a new home already under construction or newly completed and worth up to $600,000, there will be a stamp duty cut of 25 per cent or $5623.
And in what is cast as a measure to assist downsizing by retirees, no stamp duty will be payable for anyone aged over 65 who buys a newly built home worth up to $600,000.
The government has already announced it will cap the amount councils can charge developers on new developments to $20,000."
http://www.smh.com.au/nsw/states-economy-back-in-the-black-with-101m-surplus-20100608-xs4j.html