First home buyer duty concession or exemption

Contracts on or after 1 July 2017

Eligible first home buyers who buy a home with a dutiable value of $600,000 or less are exempt from paying stamp duty. First home buyers buying a home with a dutiable value from $600,001  to $750,000 are entitled to a concessional rate of duty, calculated on a sliding scale. For more information see our website.

Contracts prior to 1 July 2017

The First Home Buyer Duty Reduction (duty reduction) reduces the duty payable by up to 50 per cent for eligible first home buyers on a Principal Place of Residence (PPR) property if the purchase price is $600,000 or less. For PPR homes with a value of $130,000 to $550,000, the reduction is applied to the duty payable after the PPR concession has been calculated. At least one applicant must declare they are occupying the property as their PPR for a continuous period of at least 12 months.

The duty reduction is applicable where the settlement date of the property is on or after 1 July 2011. Applicants for the reduction must also have received or be eligible for the First Home Owner Grant (FHOG).

  • Contracts for newly constructed or existing homes entered into before 1 July 2013 and settled between 1 July 2012 and 1 July 2013 are entitled to 30 per cent duty reduction and must be accompanied by Form 53C.
  • Contracts for newly constructed homes entered into and settled after 1 July 2013 are entitled to 40 per cent duty reduction as well as the First Home Owner Grant of $10,000 and must be accompanied by Form 61.
  • Contracts for newly constructed homes entered into and settled after 1 September 2014 are entitled to 50 per cent duty reduction as well as the First Home Owner Grant of $10,000 and must be accompanied by Form 61.

Note: Applicants must supply the unique identifier number (UIN) in the nominated field on Page 1 of Form 61. In the absence of a UIN, the transaction cannot be processed in Duties Online to receive the 40 per cent duty reduction. A PPR Concession will still apply and a Refund Application needs to be submitted within five years to claim the 40 per cent duty reduction.

Contracts for existing homes entered into and settled after 1 July 2013 are entitled to a 40 per cent duty reduction and need to be accompanied by Form 61, including Schedule A.

Contracts for existing homes entered into and settled after 1 September 2014 are entitled to 50 per cent duty reduction and need to be accompanied by Form 61, including Schedule A.

For contracts or transfers dated on or after 1 July 2017, this information is obtained via the digital duties form. Please refer to the Settlement Statement under question – Concessions/Exemptions - First Home Buyer Duty Reduction.