Home Buyers Concession
From 1 July 2022, the amount of the home buyer concession is capped. Maximum concession amount is $34,790.
Factors such as previous property ownership, property value, income & number of dependants are all considered.
To see if you are eligible, visit here.
Off the plan units - from 1 April 2022
For contracts exchanged on or after 1 April 2022, there is no stamp duty on off-the-plan unit (unit-titled apartment and townhouses) owner occupier purchases valued at $600,000 or less.
Owner occupier duty concession
The ACT Government is offering stamp duty concessions in the ACT for some home buyers planning to live in their new property. Note these are separate from a new owner occupier base rate for stamp duty.
For more information on Owner Occupier duty concession, see here.
First Home Buyer Choice
As part of the 2022-23 Budget, the NSW Government announced that first home buyers purchasing properties up to $1.5 million will be provided the option to pay an annual property tax instead of transfer duty. This initiative is in addition to the existing First Home Owner (New Homes) Grant, and the First Home Buyers Assistance Scheme offering transfer duty exemptions and concessions. For more information, visit the NSW Government website.
First Home Buyers Assistance
If your First Home is and is a new or existing property, you will pay $0 duty below $650,000 and then a reduced amount between $650,000 and $800,000. Your stamp duty will be: $
First Home Owner Grant (New Homes).
A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home.
Your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated.
How much can I spend? If you purchase a newly built house, townhouse, apartment, unit or similar the purchase price must not exceed $600,000. More information here
For all other grants and schemes please click here.
First home owner grant
How to apply for a $10,000 grant to buy or build a new home in the Northern Territory.
First Home Owner Discount
This scheme finished on June 30 2021.
Home Builder Grant The HomeBuilder grant is closed to new applications.
The Queensland First Home Owners' Grant is a state government initiative to help first home owners to get their new first home sooner.
If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.
All the details on Financial help and incentives here.
You may be eligible, as a first home buyer for a grant of up to $15,000 on the purchase or construction of a new residential home in South Australia.
For FHOG amounts and conditions please Click here
First Home Owner Grant
A first home owner grant is available to eligible applicants who purchase or build a new home in Tasmania from
1 July 2016. A new home is a home that has not previously been occupied or sold as a place of residence and includes kit homes.
$30 000 grant: for transactions that commence between 1 April 2021 and 30 June 2023. See conditions
Duty concession for first home buyers of established homes factsheet
Provides a 50 per cent concession on property transfer duty for first home buyers of established homes with a property value of $600 000 or lower. The concession has been extended until 30 June 2023.
Calculations to the right do not show discount.
Duty concession for pensioners downsizing to a new home factsheet
Provides a 50 per cent property transfer duty concession until 30 June 2023 to eligible pensioners who sell their existing home and downsize to a new home valued at $600 000 or lower.
Foreign investor duty surcharge
Foreign Investor Duty Surcharge from 1 April 2020 is charged as an additional 8 per cent on the dutiable value for all transactions of residential property by foreign persons. An additional1.5 per cent on the proportion of the dutiable value of primary production property directly or indirectly acquired by a foreign person.
First Home Owner Grant
If you are buying or building a new home valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG). If you are eligible for the FHOG and the home you are buying is in regional Victoria, you will receive $20,000.
If the home is not in regional Victoria, the grant is $10,000. The home must be less than five years old to be eligible for the FHOG.
Exemptions and Concessions
The first home owner grant of $10,000 is a one-off payment to encourage and assist first home buyers to buy or build a residential property for use as their principal place of residence. For more information refer to the First Home Owner Grant Fact Sheet.
First home owners may qualify for the grant and/or the first home owner rate of duty if they are either purchasing an established home or if they are building or purchasing a new home. The grant has:
Find detailed information in the FHOG Guide.
This applies to property that is either a principal place of residence or a WA business asset, and the value of the entire property doesn't exceed $200,000.
To see if you are eligible please read this page.
Concessional rates are not included in the calculations.
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.