Current Stamp Duty Concessions

Stamp Duty Concessions still available

It has come to our attention that many of our buyers are unaware that stamp duty concessions are still available.  Below is a brief outline of what concessions are still available for off the plan purchasers.

You need to know the following:

  • The date of the contract for your purchase of the property or if there is no contract, the date it is transferred,
  • The dutiable value of the property (generally, the purchase price or market value at time of contract, whichever is greater),
  • Whether you are a foreign purchaser, and if so, whether your property is a residential property and
  • If you will use the property as your principle place of purchase, and if so, whether you are a first home buyer.

This calculator factors in the following, if they apply:

  • Foreign purchaser additional duty
  • The principal place of residence concession or
  • The first home buyer duty reduction, excemption or concession

This calculator does not include the off the plan consession. If you buy your property off-the-plan, you must contact your vendor to get the dutiable value of your property including this concession.

For contracts dated on or after 1 July 2017, the off-the-plan concession is available if you buy the property to occupy as your home (principal place of residence) and its dutiable value, including the off-the-plan concession is:

  • $550,000 or less, or
  • $750,000 or less, if you are first home buyer.

Otherwise, the dutiable value of your property is your contract price or market value, whichever is greater.