As part of its economic stimulus plan, the New South Wales Government is helping all eligible buyers of newly built homes (including units) up to $600,000, cutting stamp duty by 50%. A saving of up to $11,245. Purchases must be made by 31 December 2009. http://www.homebuyer.nsw.gov.au/default.html
Gemma Battenbough wrote an excellent article in June 2009 http://bit.ly/vSM2J which explains the $200m Local Infrastructure Fund. Not only will this fund assist the building industry and increase jobs, it will also ease the pressure on rents and encourage investors back into the market.

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The first home buyers grant of $7,000 is still in place.
For contracts made between 1 October 2009 and 31 December 2009 the new boost benefit is $3,500, bringing the total to $10,500. For first home buyers building a new home or purchasing a newly constructed home (never lived in) the boost is $7,000, bringing the [...]