Eligible first home buyers do  not pay duty on homes priced up to $500,000 and vacant land up to $300,000. Concessions on duty are available on a sliding scale for homes priced between $500,000 and $600,000 and for vacant land priced between $300,000 and $450,000. This scheme provides savings of up to $17,990 for first home buyers.

If you are a first home buyer purchasing a brand new home or building a new home you may also be eligible for the $3,000 NSW New Home Buyers Supplement. You must sign a contract between 11 November 2008 and 30 June 2010. See http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhob3.pdf for the rules.  

If you are buying a brand new home in NSW you may also be eligible for a 50% reduction in stamp duty for properties priced up to $600,000. This is available to non first home buyers and is known as the NSW Housing Construction Acceleration Plan. This scheme has been extended until 30th June 2010. See http://www.osr.nsw.gov.au/benefits/hcap/ for more information.

For more detailed information please download this factsheet or visit www.osr.nsw.gov.au.

Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) may be eligible for an additional Victorian Government First Home Bonus. To be eligible to receive the bonus, the value of the property must not exceed $500,000 (for contracts entered into up to 30 June 2009). For contracts entered into between 1 July 2009 and 30 June 2010, the value of the property must not exceed $600,000.

The amount of the First Home Bonus for new homes is $11,000 for contracts dated from 1st July 2009 to 30 June 2010. For astablished homes the bonus amount is $2,000.

Where the purchase or construction of a new home is in a regional municipality in Victoria , an additional bonus of $4500 is also available in addition to the $11,000 bonus. These payments are subject to certain requirements. The contract must be dated 1 July 2009 to 30 June 2010 to receive this additional bonus. Please visit the First Home Bonus page for more information.

From 6 May 2008 the Principal Place of Residence Transfer Stamp Duty concession has been improved. It is available for the purchase of principal places of residence where the following applies:
• the purchase price of the property is between $130,000 and $550,000;
• the applicants use the property as the principal place of residence within 12 months of settlement of the property;
• the applicants reside in the property for a continuous period of at least 12 months; and
• the contract is entered into on or after 6 May 2008.

Eligible first home buyers are now eligible to receive both the First Home Bonus AND the stamp duty concession as of 6th May 2008

For full details on the various concessions available in Victoria please visit www.sro.vic.gov.au

As of 1st September 2008 eligible first home buyers will be exempt from transfer stamp duty for purchases of established homes up to $500,000. A concession will continue to apply on a sliding scale for properties over $500,000 (but not more than $549,999).

In regards to vacant land a full exemption from stamp duty is available to first home buyers purchasing vacant land for up to $250,000. A concession will continue to apply on a sliding scale for land over $250,000 (but not more than $399,999).

For complete details please visit www.osr.qld.gov.au

As of 5th June 2008 a First Home Bonus Grant of up to $4,000 is available to eligible first home buyers who purchase a home for up to $400,000 and phases out for property with market values between $400,000 and $450,000 by $8 for every $100 in excess of $400,000.

The First Home Bonus Grant has replaced the old Stamp Duty First Home Concession scheme.

For more details please visit http://www.revenuesa.sa.gov.au

First home buyers will get a full exemption from conveyance duty on homes up to $500,000 and vacant land up to $300,000. Those buying houses valued between $500,001 and $600,000 will receive a partial exemption. A partial rebate is available for vacant land valued between $300,001 and $400,000. These thresholds came into force on 9th May 2007.

For complete details please visit www.dtf.wa.gov.au.

Must  be first property purchased in NT. Rebates are also available to non first home buyers who are purchasing a new principal place of residence. First home buyers purchasing a property up to $385,000 pay zero stamp duty representing a maximum concession of $15,515.50.

From 1 January 2010, eligibility ceases if the dutiable value of the home is more than $750 000 and $385 000 for vacant land on which a home is to be built. For vacant land, there is no limit on the cost of construction of the home.

For full details and a calculator please visit http://www.nt.gov.au/ntt/revenue/home_incentives.shtml

For purchased made from 1 January 2010 to 30 June 2010 eligible first home buyers purchasing a property with a value of $349,800 or less will pay only $20 in duty. A purchase price of more than $349,800 and less than $422,000 will attract a reduced rate of duty.

Similarly, purchases of land for up to $194,400 or less will also only attract duty of $20. A purchase price of more than $194,400 but less than $233,300 will attract a reduced rate of duty.

The thresholds typically change every 6 months so it is recommended that you visit http://www.revenue.act.gov.au for the most up to date information.

To be eligible for these duty concessions you must meet the income test. The combined household income must be no more than $120,000. Total income threshold of $120,000 increases by $3,330 per annum for each additional dependent child to a maximum income of $136,650. Property must be owner-occupied and you are required to live in the property for at least 6 months.

For full details please visit http://www.revenue.act.gov.au

Purchasers who are eligible for the First Home Owners Grant are eligible to receive a maximum stamp duty concession of $4,000 for the purchase of owner occupied property valued up to $350,000. For more information visit the Tasmanian State Revenue Office website.

First Home Buyers may also apply for an interest free duty loan offered by the Commissioner of State Revenue which is to be repaid over 2 years. Must be first home owned anywhere and must be owner occupied. Value must not exceed $120,000. No income threshold. Under the new duty concession there is no stamp duty payable on the land but this duty loan can be used for the payment of mortgage stamp duty.