There have been recent changes to the stamp duty and grants scheme for purchasers of new homes worth up to $650,000.00 or vacant land worth up to $450,000.00. Purchasers of new homes who aren’t first home owners including investors, now attract a $5,000.00 grant from 1 July 2012. First home owners from 1 October 2012 until 31 December 2013 will receive a grant of $15,000.00 for the purchase of a new home, and from 1 July 2012 those first home owners purchasing a new home will have an exemption on stamp duty for homes up to $550,00.00.