Started July 1st, there will be new rules for first-home buyers in hopes of lifting the number able to enter the housing market.
In New South Wales, first-home buyers will be exempt from stamp duty for new and existing properties up to $650,000 and partially exempt up to $800,000.
In Victoria, stamp duty will be abolished for purchases under $600,000 and on a sliding scale up to $750,000.
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![[kt] Emergency Management Minister Kristy McBain speaking in Federal Parliament.](https://assets.sbs.com.au/dims4/default/bc9ba3f/2147483647/strip/true/crop/8256x4644+0+430/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsbs-au-brightspot.s3.ap-southeast-2.amazonaws.com%2F67%2F84%2Fadbfe5cb4756aefd7f300d6b3fe4%2F20260331160991618420-original.jpg&imwidth=1280)
