Friday, November 07, 2008

[smh] $24,000 for first home buyers

"... $7000 comes from the State Government's first home owner's grant, $3000 from the NSW grant in the [next week's] mini-budget and $14,000 in the Commonwealth's first home owner's increase.... Together with a State Government stamp duty exemption worth up to $17,990 for first home buyers who buy property worth up to $500,000, the changes would mean state and federal governments could contribute as much as $41,990 to the cost of a new home."

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