Stamp Duty Relief for Eligible First Home Buyers

2024-25 State Budget removes the property value cap for stamp duty relief for eligible first home buyers for contracts to purchase a new home or vacant land entered into on or after 6 June 2024

At the time of settlement (when the land you have purchased transfers to your name), you are required to pay stamp duty on the transfer of land. The amount of stamp duty you need to pay is based on the value of the land purchased and any improvements made on that land.

Stamp duty relief for eligible first home buyers applies to contracts entered into on or after 15 June 2023.

If you are a first home buyer you may be eligible for the stamp duty first home buyer relief.

The eligibility criteria for the stamp duty relief is similar to the criteria for the first home owner grant. If you are eligible for the first home owner grant you may be eligible for stamp duty relief. You must apply for each separately.

There are some circumstances where you may not be eligible for the first home owner grant, but will be eligible for stamp duty relief, for example if you are purchasing a new home valued between $650,000 and $700,000 (which exceeds the first home owner grant property value cap).

If you are unfamiliar with a term used on these pages, please refer to the first home owner grant terms used page.

Who is eligible for stamp duty relief?

You may be eligible for relief if you are:

an Australian citizen or permanent resident. New Zealand citizens permanently residing in Australia who hold Special Category Visas may also apply. Only one applicant is required to meet this eligibility requirement.
at least 18 years of age at the time of making application for stamp duty relief.
a natural person.

Companies and trusts are not eligible for stamp duty relief, except in the case of a Special Disability Trust.

Ownership of, or an interest in, other residential property is considered in determining your eligibility for stamp duty relief. This includes residential property you have previously owned, and residential property currently owned or previously owned by your spouse/domestic partner.

Find out more about eligibility criteria, amount of stamp duty relief and residential requirements for contracts to purchase entered into: