First Home Buyer Assistance Scheme

Reminder that as from the 1st August 2021, thresholds will revert to the previous parameters:

  • New Homes valued less than $650,000, full exemption from transfer duty applies
  • New Homes valued between $650,000 and $800,000, concessional rate of duty applies
  • Vacant Land valued less than $350,000 full exemption from transfer duty
  • Vacant Land valued between $350,000 and $450,000¬† ¬†concessional rates of duty applies
  • Existing Homes, thresholds remain unchanged.