Stamp Duty Exemptions & Concessions (State-Specific)
Christian Stevens, Mortgage Broker
Published December 11, 2025, 2:10 P.M ET
Learn how first home buyers in NSW, VIC, QLD, WA, SA, TAS, ACT, and NT can save tens of thousands with stamp duty exemptions and concessions. Flint explains eligibility, thresholds, and strategies to maximize your savings.
🔑 Key Facts
- Stamp duty is a major upfront cost for property buyers — but exemptions and concessions can save first home buyers thousands.
- Each state and territory has different rules, thresholds, and eligibility criteria.
- Some states offer annual land tax alternatives instead of paying upfront stamp duty.
- Flint helps first home buyers understand these exemptions and plan their budget to maximize savings.
What Is Stamp Duty?
Stamp duty is a state government tax applied to property purchases. It is calculated based on the purchase price or market value of the property and is generally due at settlement.
While more expensive properties incur higher duty, first home buyers can often access state-specific exemptions and concessions, reducing upfront costs significantly.
Stamp Duty Relief by State
1. New South Wales (NSW)
- Exemption: No duty on new or existing homes up to $800,000
- Concession: Sliding scale between $800,000 and $1 million
- Option: Annual land tax for properties up to $1.5M under the First Home Buyer Choice
2. Victoria (VIC)
- Exemption: No duty on homes up to $600,000
- Concession: Sliding scale from $600,001 to $750,000
- Shared equity buyers: May qualify for further exemptions
3. Queensland (QLD)
- Exemption: No duty on homes under $500,000
- Concession: Discounted rate up to $550,000
- Applies to both new and existing properties
4. Western Australia (WA)
- Exemption: No duty on homes up to $430,000
- Concession: Sliding scale up to $530,000
- Available for first home buyers only
5. South Australia (SA)
- Exemption/Concession: Full exemption on new homes up to $650,000
6. Tasmania (TAS)
- Concession: 50% discount for first home buyers purchasing established homes under $600,000
7. Australian Capital Territory (ACT)
- Concession: Full exemption for eligible first home buyers under income thresholds (up to $250,000 household income)
8. Northern Territory (NT)
- No formal first home exemption, but other grants or concessions may apply for eligible builds or purchases
Who Qualifies for Stamp Duty Relief?
Eligibility criteria vary across states, but usually include:
- Being a first home buyer (never owned property in Australia)
- Purchasing below the state-specific price cap
- Intending to live in the property (owner-occupier)
- Meeting any income or residency requirements
How Much Can You Save?
Stamp duty exemptions and concessions can provide substantial savings for first home buyers:
- In NSW, buying a $750,000 property could save up to $29,000
- In VIC, purchasing a $600,000 home could save around $31,000
When combined with government grants or low-deposit schemes, these savings can significantly improve affordability and help first home buyers enter the property market sooner.
📞 Want to Maximise Your First Home Budget?
At Flint, we:
- Explain state-specific stamp duty exemptions and concessions
- Calculate potential savings on your property purchase
- Combine stamp duty relief with grants and low-deposit schemes
Talk to Flint today and make sure you’re not paying more than necessary when buying your first home
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