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Stamp Duty Exemptions and Concessions for first home buyers
Stamp Duty Exemptions and Concessions for first home buyers

Buying your first home? Here are some stamp duty exemptions and concessions that you may be eligible for.

Updated over a week ago

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If you’re buying or building a home for the first time, it is potentially one of the biggest purchases you’ll ever make, so it’s important to understand what exemptions you may be eligible for.

Please note, we do not participate in the Home Guarantee Scheme, Victorian Homebuyer Fund or other government home-buyer assistance schemes.

If you are eligible for the First Home Buyer Grant, these funds can't contribute to your 20% deposit. Please speak to your conveyancer on how best to approach this.

What is stamp duty?

Stamp duty or transfer duty is a general tax imposed by state governments and territory governments for the purchase or transfer of almost any real estate. This includes buying a home, land, or investment property. Since it’s determined by individual state and territory governments, the amount charged and exemptions may vary.

Apart from stamp duty, there are other upfront costs to be aware of. Learn more about the upfront costs to consider before buying a home.

As a first home buyer, please visit your respective state or territory website below for more information and updates about exemptions and concessions:

NT - NT Gov

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This article is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Please consider seeking financial advice before making any decision based on this information.‍

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