• $10.4 Billion is going to be injected into the economy 
• $4.8 Billion for pensioners. One-off $1400 payment to singles, couples to get $2100, carers get $1000. 
• $3.9 Billion for families. If have Family Tax Benefit Part A – an extra $1000 for every child in care.
• $1.5 Billion for first-home buyers. $21K grants for newly constructed homes, $14K grants for existing homes.

Breaking @ 10:15am: Federal Government is meeting this morning to approve a multi-billion dollar package which would see the first home buyers grant double from $7K to $14K, a total cost of $5 Billion to Tax Payers.

Apparently, according to ABC Radio, it may include a one off payment to aged pensioners who are really doing it tough on almost nothing per week.

The government was also considering paying stamp duty for home buyers to kick-start the struggling property market – a plan that I think would work much better than increasing the first home buyers grant. A Federally Regulated Stamp duty legislation is needed to bring some consistently across all Australian States. Victoria, for one, has one of the highest stamp duty costs in the world – and with average property prices around $500K+ for inner Melbourne suburbs – you are looking at $30K in stamp duty alone.

Do something Canberra.