|State||Stamp duty concessions||Grants|
|ACT||Until June 30th 2017 the ACT government is offering stamp duty concessions on new or substantially renovated properties for first home buyers.|
Properties valued under $468,000 will be eligible for a nominal $20 stamp duty fee, with discounts for properties values from $468,001 to $590,000.
|The ACT government are currently paying a grant of $7,000 to first home buyers who purchase a new or substantially renovated properties with a value up to $750,000.|
|New South Wales||There are new concessions for first home buyers in NSW that will apply from July 1st 2017. |
There will be no stamp duty payable on new or existing properties purchased under $650,000 with discounts applicable up to $800,000.
|The NSW currently offer a grant of $10,000 to first home buyers who purchase a new or substantially renovated property with values up to $750,000.|
|Northern Territory||There is currently a full-stamp duty concession for first home buyers in the NT up to a purchase price of $500,000. Discounts apply to higher purchase values with the fee capped at $10,000.||The NT government are currently offering a $26,000 grant to first home buyers who buy or build a new home, with no maximum value cut-off applying.|
|Queensland||There is currently no stamp duty payable for first home buyers purchasing up to $500,000 in Queensland. Discounts then apply between up to values of $550,000 before the full duty is payable.||Until June 30th the Queensland government is providing a $20,000 grant for first home buyers who build or purchase a new home up to the value of $750,000. This is scheduled to decrease to $15,000 from July 1st.|
|South Australia||Until June 30th there are stamp duty concessions in South Australia when buying an ‘off the plan’ apartment. The discount is subject to the stage the development is at when the contract is entered and up to values of $500,000. |
There is more information available on the South Australian Treasury website here.
|First home buyers in South Australia are eligible for a grant up to $15,000 when purchasing or constructing a new home valued up to $575,000.|
|Tasmania||There are currently no stamp duty concessions available to first home buyers in Tasmania.||Until June 30th the Tasmanian government is providing a $20,000 grant for first home buyers who build or purchase a new home. This is scheduled to decrease to $10,000 from July 1st 2017.|
|Victoria||As of July 1st first home buyers in Victoria purchasing properties up to $600,000 in value will be exempt from paying any stamp duty, with discounts for properties valued between $600,001 and $750,000. |
For contracts entered before July 1st, first home buyers may be eligible for a 50% stamp duty discount for properties valued up to $600,000.
|The Victorian government offer a $10,000 grant for first home buyers who purchase or build a new home valued up to $750,000. |
From July 1st 2017 a grant of $20,000 will be available for first home buyers who purchase a new property valued up to $750,000 in regional Victoria.
|Western Australia||The Western Australian government offer a full stamp duty concession for first home buyers with purchase values up to $430,000 with discounts between $430,001 and $530,000.||Until the end of 2017 the Western Australian government is providing a grant of $15,000 for first home buyers purchasing or building new homes. This is scheduled to reduce to $10,000 for contracts entered from 2018.|
The grant applies to properties with a value up to $750,000 south of the 26th parallel and $1,000,000 to the north.
*This information is correct as of Friday 2nd June 2017. While we make every effort to ensure this is updated, we recommend contacting Union Shopper Mortgage Planners or your local office of state revenue to ensure you receive up to date and accurate information.