Another State budget initiative, stamp duty abolished on City off-plan apartments up to $500,000 !!!
Info found in this document - http://servicesa.cdn.on.net/document...apartments.pdf
This is an example taken from the document for First Home Owners (although the concession is not exclusive to first home buyers):
First Home Buyers in the city: May 31, 2012 – June 30, 2013:
State Government’s FHBG $8000 (Eligible only for properties valued at $400,000 or less)
First Home Owners Grant $7000
Stamp Duty Savings $16,330 (Based on off-the-plan apartment valued at $400,000)
Total Savings $31,330