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 from 1 July 2023, you can apply for a full exemption if:
- the value of the new or existing home was less than $800,000, 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 $1,000,000, or
- the value of your block of land was between $350,000 and $450,000.
For homes or vacant land bought before 1 July 2023, refer to First Home Buyer Assistance scheme thresholds.
- 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
- the PDF form – 'First Home Buyers Assistance Scheme Application'
- the Purchaser/Transferee Declaration (individual) – PDF
- your proof of identity
- the agreement for sale or transfer
- supporting documents (as applicable).
How to apply
- Select the ‘Download PDF form’ button.
- Complete the application form.
- Download and complete Purchaser/Transferee Declaration (individual) – PDF.
- Lodge the completed forms and supporting documents with your solicitor or conveyancer.
- Penalties apply for false or misleading information.
- You’ll need to occupy the home as your principal place of residence for 12 months continuously, within 12 months of the agreement.
- Permanent members of the Australian Defence Force may be exempt from the 12 month residence requirement.