Tables indicating the first home owners grant and stamp duty exemption rules for different property types in each state in Australia
First Home Owners Grant
v1707
State | Brand New Property | Established Property |
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Nsw |
Jul 2017 -> |
Sep 2012 -> Nil |
VIC | Jul 2017 -> $10,000 first home owners grant for properties up to $750,000 cost price (Metro Melbourne) $20,000 first home owners grant for properties up to $750,000 cost price (Regional areas) |
Jul 2013 -> Nil |
Qld | Oct 2012 -> $15000 first home owners grant for properties up to $750,000 cost priceJul 2016 -> Dec 2017 * bonus level $20,000 first home owners grant for properties up to $750,000 cost price |
Oct 2012 -> Nil |
Sa |
Oct 2012 -> |
Jul 2014 -> |
Wa | Jan 2017 -> Dec 2017 $15,000 first home owners grant for properties up to $750,000 cost price |
Jan 2017 -> Nil |
Tas | Jul 2016 –> Jun 2017 $20,000 first home owners grant *1 year bonus Jul 2017 -> $10,000 first home owners grant |
July 2014 –> Nil |
Act | Jan 2017 -> $7000 first home owners grant. |
Jan 2017 -> Nil |
Nt | May 2014–> $26,000 first home owners grant without any cost price limit |
Dec 2012 –> For properties up to $600,000 cost price – $12,000 first home owner grant if in an urban area otherwise $25,000Jan 2015 -> Nil |
* accuracy not guaranteed. states regularly update policy. please confirm with us on 02-9210-1000 and with state revenue office
Transfer Stamp Duty Concessions
State | Brand New Property | Established Property | ||||||||||||||||
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Nsw | Jul 2017 -> First Home Buyers Dwellings Land |
Jul 2017 -> |
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VIC | Jul 2017 -> First Home Buyers No stamp duty for properties up to $600,000. Sliding scale between $600,000 and $750,000 |
Jul 2017 -> First Home Buyers No stamp duty for properties up to $600,000. Sliding scale between $600,000 and $750,000 |
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Qld | Jul 2012 –> First Home Buyers Dwellings $0-to $500,000 – No cost (100% exemption) Sliding scale between $500,000-$550,000Vacant land $0-$250,000 – No cost (100% exemption)Non First Home Buyers Discounted duty applies for non first home buyer owner occupied purchases ie 1% cost up to $350,000 cost price. Land purchases are not stamp duty exempt however (even if for owner occupied purposes) Investment purchases – No discount on stamp duty |
Same as for brand new properties | ||||||||||||||||
Sa | May 2012 –> Jun 2017 If you are purchasing a new or substantially refurbished apartment you may be eligible for an OTP stamp duty concession of up to $21,330 (capped at stamp duty payable on a $500 000 apartment)For contracts entered into between 20 June 2016 and 30 June 2017 (inclusive), the concession applies to purchases of off-the-plan apartments located anywhere in South Australia. (previously it was only in certain suburbs) |
Full stamp duty payable (No exemption for first home buyers and non first home buyers alike) |
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Wa | Jul 2014 -> First Home BuyersDwellings Up to $430,000: (100% exemption) Sliding scale between $430,000-$530,000Vacant Land Up to $300,000 = (100% exemption) Sliding scale between $300,000-$400,000 |
Jul 2014 -> First Home BuyersDwellings Up to $430,000: (100% exemption) Sliding scale between $430,000-$530,000Vacant Land Up to $300,000 = (100% exemption) Sliding scale between $300,000-$400,000 |
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Tas | No discounts on stamp duty | No discounts on stamp duty | ||||||||||||||||
Act | Jun 2017 onwards
Eligible vacant block (land with no dwelling)
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Sept 2012 –
No discount on stamp duty Eligible first home buyers can apply for a deferral of stamp duty, where stamp duty doesn’t have to be paid at settlement, but can be paid back over the course of 10 years. Standard interest will apply at a market rate. This is available for existing and new properties |
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Nt |
Dec 2012 –> |
May 2016 -> Jun 2017 |
* accuracy not guaranteed. states regularly update policy. please confirm with us on 02-9210-1000 and with state revenue office
State Formulas For Standard Stamp Duty Calculation
State | Brand New Property | ||||||||||||||||||||||||||||||||||||||||
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Nsw | Dutiable value of the dutiable property subject to the dutiable transactionRate of duty
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VIC |
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Qld |
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Sa |
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Wa |
General rate
Residential rate
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Tas |
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Act |
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Nt | Various – see state revenue office website An escalating rate of duty applies up to $525 000 of the dutiable value of the property (ie. the greater of the consideration paid or the unencumbered value of the property). Where the dutiable amount exceeds $525 000 but is less than $3 million, the duty is 4.95 per cent of the dutiable amount. When the dutiable value is $3 million or more, duty is calculated at 5.45 per cent of the dutiable value. View the calculator for an estimate of the duty payable. |
* accuracy not guaranteed. states regularly update policy. please confirm with us on 02-9210-1000 and with state revenue office
For further information please call Home Loan Advice Centre on 02-9210-1000