
http://smh.domain.com.au/real-es ... 20111011-1li1d.html
Since July 1, a grant of $7000 has been offered to families willing to sell in Sydney, Newcastle and Wollongong, and buy in regional areas. The value of the new property must be less than $600,000 and the property must be the principal place of residence.
The Coalition initially expected the scheme would be taken up by 10,000 households a year, capped at 40,000 across four years, but Treasury has revised the number to 7000 a year.
The latest data from the Office of State Revenue reveals just 49 grants were taken up in the first three months of the scheme, to September 30.



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