First Home Buyer Stamp Duty Concessions by State (2025-26)

General information only. This is not tax or financial advice. Stamp duty concessions are administered by each state revenue office with their own eligibility rules — confirm current thresholds and conditions with the relevant office before relying on them.

Stamp duty (transfer duty) is usually the largest single cost of buying a home after the deposit, and it’s the one cost every state lets first home buyers reduce or eliminate. The catch is that the rules are entirely state-based: the same price can mean zero duty in one state and tens of thousands in another. Here is how the major states’ first home buyer concessions work for 2025-26.

New South Wales

NSW runs the First Home Buyers Assistance Scheme (FHBAS):

• Full exemption for a new or existing home valued up to $800,000.
• Concessional (reduced) rate for homes valued over $800,000 and under $1,000,000, tapering to full duty at $1m.
• Vacant land: full exemption up to $350,000, concession from $350,000 to $450,000.

At least one buyer must be an Australian citizen or permanent resident, you must not have previously claimed the scheme, and you must move in and live there for a continuous period.

Victoria

Victoria’s first home buyer duty concession applies to your principal place of residence:

• Full exemption where the dutiable value is $600,000 or less.
• Concession on a sliding scale for dutiable value from $600,001 to $750,000, phasing out to full duty at $750,000.

You must move in within 12 months of settlement and live there for at least 12 months. The concession can only be claimed once.

Queensland

Queensland reshaped its concessions during 2024-25:

• First home concession (existing homes): no transfer duty where the home is valued at $700,000 or under, with a partial concession phasing out between $700,000 and $800,000 (above $800,000 no first home concession applies).
• First home (new home) concession: for transactions entered into on or after 1 May 2025, a full transfer duty concession with no price cap on the new home.
• First Home Owner Grant: up to $30,000 for eligible new builds (not available for established homes).

Western Australia

WA lifted its first home owner rate of duty thresholds from 21 March 2025:

• Established homes (Perth and Peel): full exemption up to $500,000, concessional rate up to $700,000.
• Established homes (regional WA): full exemption up to $500,000, concession up to $750,000.
• Vacant land (statewide): full exemption up to $350,000, concession from $350,000 to $450,000.

Other states

The ACT, SA, TAS and NT each run their own first home support — concessions, exemptions or grants that vary by price, new-vs-established status and (in the ACT) a household income test. Use the state-specific calculators to model those.

Worked example: the same price, four states

A first home buyer purchases an established home for $650,000 as their principal residence:

• NSW: $650,000 is under $800,000 → full exemption, $0 duty.
• VIC: $650,000 is in the $600,001–$750,000 band → sliding-scale concession, partial duty only.
• QLD: $650,000 is under $700,000 → first home concession means $0 duty on an existing home.
• WA (Perth): $650,000 is over the $500,000 exemption but under the $700,000 concession cap → concessional rate, reduced duty.

Same price, four very different outcomes — which is exactly why it pays to check your state’s threshold before you make an offer.

Where this fits

Compare the headline duty across states with the stamp duty comparison tool, then drill into your state with the NSW, VIC, QLD or WA first home buyer calculators to see your exact duty with the concession applied. If you’re buying in Victoria, also factor the ongoing land tax assessment into your holding costs.