If you are eligible for the Home Buyers Concession, the Stamp Duty on your property would be $.
Factors such as previous property ownership, property value, income & number of dependants are all considered.
The (HBCS) is an ACT Government initiative to assist persons in purchasing a new residential home or residential vacant land by charging duty at a concessional rate.
Updates to the upper and lower property value thresholds for new or substantially renovated homes and residential land every three years and calculate the concessional rate of duty. To see thresholds before Jun 14 2018, visit here:
The First Home Owner Grant (FHOG) provides financial assistance to eligible people buying their first new or substantially renovated home. As of 1 January 2017 the FHOG is $7,000. Payment of the First Home Owner Grant will end for transactions entered into after 30 June 2019.
For complete informaton on all the above please visit the ACT Revenue Office
First Home Buyers AssistanceFrom 1 July 2017 the First Home New Home scheme will be replaced by the First Home Buyers Assistance scheme.
New Home Grant SchemeThe New Home Grant scheme, providing a $5,000 New Home Grant will close on 30 June 2017. More information here
First Home Owner Grant (New Homes) from 1 July 2017First home owners can access a $10,000 grant for:
Principal place of residenceThe principal place of residence exemption will be extended to land used and occupied by an owner under a shared equity scheme as defined above. The exemption will apply from the 2018 tax year.
Rate of dutyFrom 1 July 2017, the surcharge purchaser duty rate will increase from 4 per cent to 8 per cent.
If you are eligible for the Principal Place of Residence Rebate, the Stamp Duty on your property would be $. Click here for full details.
From 1 January 2015, FHOG of $26,000 will only be available to first home buyers who enter into a contract to construct or purchase a new home, or commence construction of a new home, on or after that date.
For details on the First Home Owner Grant Click here.
Principal Place of Residence RebateThe Northern Territory Government provides a stamp duty Principal Place of Residence Rebate (PPRR) to persons purchasing a new home or land on which to build a home.
First Home Owner Discount.From 1 September 2016, the Northern Territory Government introduced increased stamp duty assistance for first home buyers who purchase an established home in the Northern Territory up to the value of $650 000.
For calculations and details on the First Home Owner Discount Click here.
Visit the Department of Treasury & Finance web site for all Home Owner Incentives.
From 1 July 2016 the Great Start Grant will be known as the Queensland First Home Owners Grant.
From1 July 2017Queensland First Home Owners' Grantwill remain at the increased rate of $20,000 for a further 6 months.
Eligible Queenslanders will receive the grant to buy or build their newly constructed house, unit or townhouse (valued at less than $750,000).
All the details here.
The Revenue SA Grants and Concessions page outlines the maximum payments available, incorporating the Housing Construction Grant (HCG), First Home Bonus Grant (FHBG), First Home Owners Boost (FHOB) and the stamp duty First Home Concession (FHC) schemes..
To view please Click here
Off The Plan Concession The off-the-plan stamp duty concession will be extended until 30 June 2018 but will be retargeted so that it no longer applies to foreign purchasers. All the details here.
First Home and Housing Construction GrantsA $10 000 grant will be provided to eligible off-the-plan apartment purchasers where the contract is entered into between 22 June 2017 and 30 September 2017. All the details here.
The First Home Owner Grant is a one-off payment for eligible first home buyers/builders in Tasmania. From and including 1 January 2016, the FHOG payment is set at $20,000 for eligible purchasers of new homes (for example a spec home), homes off the plan and owner/builder homes. This payment has been extended for one year, from 1 July 2017 to 30 June 2018
For details on the First Home Owner Grants and Rebates click here.
First Home Buyer Grant
From 1 July 2013, a $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home. Your home can be a house, townhouse, apartment, unit or similar, but it must be valued at $750,000 or less and be the first sale of the property as residential premises. It cannot be an investment property or a holiday house. The Government has announced that the existing FHOG on the purchase of an established home will conclude on 1 July 2013. To receive the FHOG on an established home, you must enter into a contract to purchase the home on or before 30 June 2013.
Land Transfer Duty (Stamp Duty)
From 1st July 2017 Land transfer duty will be abolished for first-home buyers purchasing a property up to $600,000, and a duty concession for first-home purchases valued from $600,001 to $750,000
First Home Buyer Duty Reduction
The duty reduction available for eligible first-home owners of both newly constructed and established homes will increase to 50 per cent for dutiable transactions with a settlement dated on or after 1 September 2014 until July 1st 2017, for homes valued up to $600,000.
Off The Plan Concession
For the latest criteria for the Off the Plan Concession please visit this page.
For more details on buying a home please visit this page.
First Home Owner Grant Boost
The Government has announced a $5,000 boost for first home owners eligible to receive the grant where a contract to purchase or construct a new home is entered into in 2017. The FHOB will now finish on June 30th 2017. Full details here.
First Home Owner Grant and Duty Concession details can be found here.
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. They are neither a quote nor a pre-qualification for a home loan.