Duty rates for first-home buyers

If you sign a contract to buy your first home on or after 1 July 2017, you may be entitled to an exemption or concession from duty.

Exemption or concession

The first home buyer duty exemption or concession may be available if:

You enter into a contract of sale to buy your first home on or after 1 July 2017.

Your home has a dutiable value of:

$600,000 or less to receive the first home buyer duty exemption,

$600,001 to $750,000 to receive the first home buyer duty concession.

All the purchasers of the property meet the First Home Owner Grant eligibility criteria, and at least one purchaser satisfies the residency requirement.

More information can be found on the State Revenue office website here: https://www.sro.vic.gov.au/fhbduty

*All information sourced from the State Revenue Office Victoria


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