State

First home buyer exemptions

Stamp duty on $300,000 property

NSW

Up to $500,000:  Exempt
First Home Plus duty concessions reduce between $500,000 & $600,000
Over $600,000: No exemptions

Nil

VIC

No exemption/concession for property > $200,000.
$3000 First Home Owners Grant bonus extended until June 2009. New homes $5000 bonus. Applicant can choose either stamp duty concession or First home buyer bonus

$10,660.00

QLD

First home buyers exempt up to $320,000
Rebate phased out between $320,000 and $500,000.  The rebate reduces by $100 for every $10,000 over $250,000 & cuts out at $500,000: Concessional duty on $300,000 = $3,000 - $2,000 rebate.
Over $500,000:  No rebate

Nil

SA

First home buyers exempt up to $80,500
From $80,501 to $100,000: Concession reduces to 50% of normal duty payable (reducing by 2.5% per $1,000 of property value).
$100,000 to $150,000: Concession remains at 50%
$150,000 to $250,000: Concession reduces by $24 per $1,000 increase in property value over $150,000.
Over $250,000:  No exemptions

$11,330.00

WA

First home buyers exempt up to $500,000
These changes were made in the 2007 budget, but have not yet been passed into legislation, so the bands are unavailable yet.

Nil

ACT

Home buyer (not just First home buyer) $20 up to $285,000
Between $285,000 and $326,000: $26.66 for each $100 between $285,000 and $365,000.  Availability of concession is determined by income and number of children.

$2,730.00

TAS

First home buyers duty rebate of $4,000 up to a value of $350,000
> $350,000:  No concession

$5,550.00

NT

First home buyers exempt up to $350,000.
Lower concession also available on duty payable on principal place of residence.

Nil