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

All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $3000 grant paid by the Victorian Government known as the First Home Bonus. As of 1st January 2007 new constructed homes will be eligible for a $5,000 bonus instead of $3,000. As of 6th May 2008 the First Home Bonus will be extended to offer an additional $3000 grant to purchasers of newly constructed homes for those eligible for the First Home Bonus in regional Victoria. The new $3000 regional bonus is additional to the existing $12,000 available for newly constructed homes valued under $500,000.

The First Home Bonus will be available for Victorian properties where the contract is entered into on or after 1 May 2004 and before 30 June 2009, and where the consideration paid under the contract is no more than $500,000.

From 1 January 2007 a new Principal Place of Residence Transfer Stamp Duty concession is available for the purchase of principal places of residence where the following applies:
• the purchase price of the property is between $115,000 and $500,000;
• 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 1 January 2007.

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 July 2008 eligible first home buyers in QLD are exempt from transfer stamp duty for purchases up to $350,000 for established homes and up to $150,000 for vacant land. Partial stamp duty rebates are available to first home buyers who purchase an established home for between $350,001 and $499,999 or $150,001 to $299,999 for vacant land. 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. 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.

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

Must have combined income of 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.

From 1 July 2008, eligible first home buyers purchasing a property with a value of less than $333,000 will continue to pay only $20 in duty. Similarly, purchases of land for up to $183,500 will also only attract duty of $20. For Home buyers purchasing a property between $333,000 and $412,000 or vacant land between $183,500 and $227,600 the amount of the concession reduces up to the higher threshold where the concession ceases.  

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.