From 1 August 2020, and for the next 12 months, the New South Wales Government has increased the thresholds for exemption from payment of stamp duty for first home purchasers who buy new homes or vacant land.

First home purchasers who buy a new home for $800,000.00 or less will be exempt from the payment of stamp duty (the current threshold is $650,000.00).  There are also concessions which apply for payment of stamp duty between $800,000.00 and $1 million, after which normal stamp duty rates apply.

Similarly, first home purchasers who buy vacant land for $400,000.00 or less will be exempt from the payment of stamp duty (the current threshold is $350,000.00).  There are also concessions which apply for payment of stamp duty between $400,000.00 and $500,000.00, after which normal stamp duty rates apply.

First home purchasers who buy existing homes will still benefit from the existing scheme, the threshold for which is $650,000.00 and phases out at $800,000.00.

If you have any questions in relation to the above or we can assist you with the purchase of your first home or vacant land, please contact us.


Related Services

Get Help

Please provide details regarding your matter so we can assist you.

We respond in 24 hours or less!*

*During regular business hours

Liability limited by a scheme approved under Professional Standards Legislation

Send us a Message

  • This field is for validation purposes and should be left unchanged.

Contact Us

Free Call 1800 994 279
  • Newcastle 02 4904 8000
    1st Floor, Charlestown Commercial Centre
    29 Smith Street
    ,
    Charlestown, NSW, 2290
  • Central Coast 1300 153 324
    Suite 1.2 (ground floor), Zenith Business Centre
    Tuggerah Business Park
    6 Reliance Drive

    Tuggerah, NSW, 2259
  • Sydney CBD 02 8076 6002
    Level 8, 65 York Street
    Sydney, NSW, 2000