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Introduction

First home buyers may be eligible for exemptions or concessions on transfer duty under the First Home Buyers Assistance scheme.

For homes or vacant land bought between 1 July 2017 and 31 July 2020, you can apply for a full exemption if:

  • the value of the new or existing home was less than $650,000, or
  • the value of the block of land was less than $350,000.

You can apply for a concession if:

  • the value of the new or existing home was between $650,000 and $800,000, or
  • the value of your block of land was between $350,000 and $450,000.

If you buy a home or vacant land between 1 August 2020 and 31 July 2021 you can apply for a full exemption if:

  • the value of the new home is less than $800,000, or
  • the value of the existing home is less than $650,000, or
  • the value of the block of land is less than $400,000.

You can apply for a concession if:

  • the value of the new home is between $800,000 and $1 million, or
  • the value of the existing home is between $650,000 and $800,000, or
  • the value of the block of land is between $400,000 and $500,000.

Eligibility

  • you must be an individual (not a company or trust), at least 18 years old
  • you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • you or your spouse must not have previously:
    • owned or co-owned property in Australia
    • received an exemption or concession under this scheme.

You must have already exchanged contracts to purchase your first home or vacant land.

What you need

How to apply

  1. Select the ‘Download PDF application form’ button.
  2. Complete the application form.
  3. Download and complete Purchaser/Transferee Declaration (individual) – PDF.
  4. Lodge the completed forms and supporting documents with your solicitor or conveyancer.

More information

  • Penalties apply for false or misleading information.
  • You’ll need to occupy the home as your principal place of residence for 6 months continuously, within 12 months of the agreement.
  • Permanent members of the Australian Defence Force may be exempt from the 6 month residence requirement.
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