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

v2309

State Brand New Property Established Property
NSW Jul 2017 ->
$10,000 first home owners grant to build properties up to $750,000 cost price
$10,000 first home owners grant to buy properties up to $600,000 cost price		 Sep 2012 ->
Nil
VIC Jul 2017 ->
$10,000 first home owners grant for properties up to $750,000 cost price (Metro Melbourne)
 Jul 2013 ->
Nil
QLD Oct 2012 ->
$15000 first home owners grant for properties up to $750,000 cost		 Oct 2012 ->
Nil
SA Oct 2012 ->
$15000 first home owners grant for properties up to $575,000 cost

Jul 2014 ->
Nil
WA $10,000 first home owners grant for properties
South of 26th parallel including all Perth metropolitan areas – value land and building up to $750,000 cost
North of 26th parallel – value land and building up to $1,000,000 cost 		 Jan 2017 ->
Nil
TAS Apr 2021 –> Jun 2024 (transactions commenced)
$30,000 first home owners grant

Jul 2016 –> Mar 2021 (transactions commenced)
$20,000 first home owners grant		 July 2014 –>
Nil
ACT Jan 2019 ->
No first home owners grant.		 Jan 2017 ->
Nil
NT May 2019–>
$10,000 first home owners grant without any cost price limit
 2015 –>
Nil

* accuracy not guaranteed. states regularly update policy. please confirm with us on 0404 286800 and with state revenue office

Transfer Stamp Duty Concessions

State Brand New Property Established Property
Nsw Jul 2023 ->

First Home Buyers

Dwellings
$0 – $800,000:  No cost (100% exemption)
Sliding scale between $800,000-$1,000,000
$1,000,000 = $40,090

Land
$0 – $350,000 = No cost (100% exemption)
Sliding scale between $350,000-$450,000
$450,000 = $15,750

 Jul 2017 ->
Same as for brand new home
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
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 Full stamp duty payable (No exemption for first home buyers and non first home buyers alike) Full stamp duty payable (No exemption for first home buyers and non first home buyers alike)
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
Tas No discounts on stamp duty Jan 2022 -> Jun 2024
The concession provides for a 50% discount on property transfer duty for first home buyers of an established home, which has a dutiable value of:
$600,000 or less for property purchases
Act

Jul 2022 ->

No duty payable on properties up to 1M, as long as income in under threshold below

Number of dependent children Total gross income threshold
0 $170,000
1 $173,330
2 $176,660
3 $179,990
4 $183,320
5 or more $186,650
Jul 2022 ->

Same for brand new properties
NT

Jul 2022 –>

Stamp duty exemptions only available for house and land packages

 Jul 2022 ->

Full stamp duty payable (No exemption for first home buyers and non first home buyers alike)

* 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
Nsw Dutiable value of the dutiable property subject to the dutiable transactionRate of duty

$0 – $14,000

$1.25 for every $100 or part of the dutiable value

$14,001 – $30,000

$175 plus $1.50 for every $100 or part , by which the dutiable value exceeds $14,000

$30,001 – $80,000

$415 plus $1.75 for every $100 or part, by which the dutiable value exceeds $30,000

$80,001 – $300,000

$1,290 plus $3.50 for every $100 or part, by which the dutiable value exceeds $80,000

$300,001 – $1m

$8,990 plus $4.50 for every $100 or part, by which the dutiable value exceeds $300,000

over $1m

$40,490 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,000,000

over $3m

$150,490 plus $7.00 for every $100 or part, by which the dutiable value of the residential property exceeds $3,000,000.
VIC
$0 – $25,000 1.4 per cent of the dutiable value of the property
> $25,000 – $130,000 $350 plus 2.4 per cent of the dutiable value in excess of $25,000
>$130,000 – $960,000 $2,870 plus 6 per cent of the dutiable value in excess of $130,000
> $960,000 5.5 per cent of the dutiable value
Qld
Up to $5,000  Nil
$5,000 to $75,000 $1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000
$75,000 to $540,000 $1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000
$540,000 to $1,000,000 $17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000
More than $1,000,000 $38,025 plus $5.75 for each $100, or part of $100, by which the dutiable value is more than $1,000,000
Sa
< $12,000 $1.00 for every $100 or part of $100
$12,000 – $30,000 $120 plus $2.00 for every $100 or part of $100 over $12,000
$30,000 – $50,000 $480 plus $3.00 for every $100 or part of $100 over $30,000
$50,000 – $100,000 $1,080 plus $3.50 for every $100 or part of $100 over $50,000
$100,000 – $200,000 $2,830 plus $4.00 for every $100 or part of $100 over $100,000
$200,000 – $250,000 $6,830 plus $4.25 for every $100 or part of $100 over $200,000
$250,000 – $300,000 $8,955 plus $4.75 for every $100 or part of $100 over $250,000
$300,000 – $500,000 $11,330 plus $5.00 for every $100 or part of $100 over $300,000
$500,000 $21,330 plus $5.50 for every $100 or part of $100 over $500,000
Wa

General rate

$0 – $  80,000 $1.90 Per $100 or part thereof
$  80,001 – $100,000 $  1,520 + $2.85 Per $100 or part thereof above $  80,000
$100,001 – $250,000 $  2,090 + $3.80 Per $100 or part thereof above $100,000
$250,001 – $500,000 $  7,790 + $4.75 Per $100 or part thereof above $250,000
$500,001 and upwards $19,665 + $5.15 Per $100 or part thereof above $500,000

Residential rate

$0 – $120,000 $1.90 Per $100 or part thereof
$120,001 – $150,000 $  2,280 + $2.85 Per $100 or part thereof above $120,000
$150,001 – $360,000 $  3,135 + $3.80 Per $100 or part thereof above $150,000
$360,001 – $725,000 $11,115 + $4.75 Per $100 or part thereof above $360,000
$725,001 and upwards $28,453 + $5.15 Per $100 or part thereof above $725,000
Tas
$0 – 1 300 $20
$1 300 – 25 000 $20 plus $1.75 for every $100, or part, by which the dutiable value exceeds $1,300
$25 000 – 75 000 $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000
$75 000 – 200 000 $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000
$200 000 – 375 000 $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000
$375 000 – 725 000 $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375,000
Over $725 000 $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725 000
Act
up to $200,000 $20 or $2.20 per $100 or part thereof, whichever is greater
$200,001 to $300,000 $4,400 plus $3.70 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000 $8,100 plus $4.50 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000 $17,100 plus $5.00 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000 $29,600 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,650,000 $45,850 plus $7.00 per $100 or part thereof by which the value exceeds $1,000,000
$1,650,001 and over A flat rate of $5.50 per $100 applied to the total transaction value
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