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September 10th, 2011 
FAKE NEWS for the Zionist agenda 
First budget … Premier Barry O’Farrell / Pic: Ross Schultz
Source: The Daily Telegraph
THE decision by Barry O’Farrell to axe the first-home-buyers stamp duty concession for existing homes has come under fire for hurting the very people who helped put the Premier in office – western Sydney residents.
A breakdown of the top 20 suburbs which received the concession in 2010-11 shows 15 are in western or south-western Sydney, with the top three being Liverpool (590 people), Westmead (573) and Blacktown (478).
Other suburbs in the top 20 included Parramatta, Campbelltown, Auburn, Homebush, Bankstown and Merrylands.
Others included Ryde, Quakers Hill, Mount Druitt, Seven Hills, Cabramatta, Hoxton Park, Queanbeyan, Hornsby, Dee Why and Sutherland.
The government received heavy criticism yesterday over its decision to axe the concession from January 1, with one talkback radio caller complaining to Mr O’Farrell that he had put a “knife in my back” after the man had saved $70,000 for a deposit.
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Mike Baird – a treasurer with fancy footwork
“What you’ve (done) now, you’ve virtually put a knife in my back by making me pay another $20,000 for stamp duty. Where am I going to get that kind of money mate? It’s taken me three years to save $70,000,” he said.
Mr O’Farrell replied: “I don’t deny that it’s a tough decision … (but) unlike a radio program, when you run a government you can’t keep everybody happy.”
Under the change, only first-home buyers purchasing a newly built home costing $600,000 or less will pay no stamp duty.
Opposition Leader John Robertson said the decision to exempt existing homes from the concession was wrong.
“Why should a young couple with two kids in western Sydney be forced to buy a tiny unit off the plan when all they want is a three-bedroom brick home on a good-sized block they can grow into as a family?” Mr Robertson asked.
“Barry O’Farrell, the self-proclaimed Premier for Western Sydney, has shown complete disregard for the mums and dads who put him into office. Losing more than $10,000 in stamp duty exemptions will set families back years buying their first home.”
NSW’s peak developer bodies argued yesterday that the most affordable dwellings in Sydney – apartments – would be built close to the city.
Urban Development Institute of Australia NSW CEO Stephen Albin said 76 per cent of new apartments were in Sydney’s infill areas and available for under the threshold mark of $600,000.
“There are some saying it will push them on the fringe. It won’t do that at all,” he said. “Big infill projects will be the beneficiaries. Even on the fringe, you are pushed to buy a house for under 500,000.”
Property Council of Australia executive director Glenn Byres called for the limit to be lifted from $600,000, while Housing Institute of Australia’s NSW executive director David Bare called for the stamp duty exemption across all new buildings.
Real estate agents are preparing for a first-home-buyer boom, as would-be owners try to buy property before being hit with stamp duty.
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