Changes in value of properties now eligible for the scheme:
NEW SOUTH WALES
FY 21-22 $800,000 Sydney and regional centres; $600,000 rest of state
FY 22-23 $900,000 Sydney and regional centres; $750,000 rest of state
VICTORIA
FY 21-22 $700,000 Melbourne and regional centres; $500,000 rest of state
FY 22-23 $800,000 Melbourne and regional centres; $650,000 rest of state
QUEENSLAND
FY 21-22 $600,000 Brisbane and regional centres; $450,000 rest of state
FY 22-23 $700,000 Brisbane and regional centres; $550,000 rest of state
WESTERN AUSTRALIA
FY 21-22 $500,000 Perth and regional centres; $400,000 rest of state
FY 22-23 $600,000 Perth and regional centres; $450,000 rest of state
SOUTH AUSTRALIA
FY 21-22 $500,000 Adelaide and regional centres; $350,000 rest of state
FY 22-23 $600,000 Adelaide and regional centres; $450,000 rest of state
TASMANIA
FY 21-22 $500,000 Hobart and regional centres; $400,000 rest of state
FY 22-23 $600,000 Hobart and regional centres; $450,000 rest of state
AUSTRALIAN CAPITAL TERRITORY
FY 21-22 $500,000 Canberra and regions
FY 22-23 $750,000 Canberra and regions
NORTHERN TERRITORY
FY 21-22 $500,000 Darwin and regions
FY 22-23 $600,000 Darwin and regions
Regional centres have a population of more than 250,000 people.
Source: Prime Minister’s Office