Errr I dont’ think you can buy cheap property. I just think that all the low price range proeprties will increases up to the $500,000 mark (since first home buyers dotn’ have to pay stamp duty and the price sure will be increase). But on the down side since properties over the $500,000 without such benefits I think that might drop specially the…[Read more]

Errr I think you still need to pay stamp duty even with purchase price less then $500,000.

It’s only benefit for the FIRST HOME BUYERS which can wave off the stamp duty with a purchase price less then $500,000.
which I think the benefit for first home buyers around $18K.

Detail:

*Owners of investment property will pay a stamp duty of 2.25% upon the valoe of the properyt when it is sold. This measure does not apply to a person’s principal place of residence or to farms. To ensure that only property profits are being taxed, properties will be exmpt from the duty in cases where the vendor’s sale price does not…[Read more]