What Is a Stamp Duty Concession and Who Qualifies for It in Australia?
A stamp duty concession is a reduction or exemption from the stamp duty (transfer duty) normally payable when purchasing property. Stamp duty concessions are available in every Australian state and territory but the eligibility criteria, property price thresholds and concession amounts vary significantly by state. This guide covers the main concessions available in Victoria, New South Wales, Queensland and Western Australia.
First Home Buyer Stamp Duty Concessions
First home buyers are the main group eligible for stamp duty concessions across all Australian states. Key thresholds as of 2026:
| State | Full Exemption Up To | Concession Up To | Must Be New Build? |
|---|---|---|---|
| Victoria | $600,000 | $750,000 | No |
| New South Wales | $800,000 | $1,000,000 | No |
| Queensland | $550,000 (existing) / $700,000 (new) | $700,000 | No (higher for new) |
| Western Australia | $430,000 | $530,000 | No |
Other Stamp Duty Concessions Available
Beyond first home buyers, stamp duty concessions may also be available to: pensioners purchasing a smaller property after downsizing (VIC principal place of residence concession), off-the-plan apartment buyers (reduced duty on the land value only in some states), buyers of properties in regional areas in some states, and eligible disability housing purchasers.
How Do I Claim a Stamp Duty Concession?
Your conveyancer or solicitor will identify and apply eligible concessions as part of the settlement process. You will need to declare your eligibility on the transfer of land documents. In Victoria, you lodge a digital duties form with the State Revenue Office at settlement. Eligibility is assessed at the time of purchase — you cannot claim concessions retrospectively.
Frequently Asked Questions
Do I pay stamp duty on off-the-plan purchases?
In most states, off-the-plan buyers pay stamp duty on the land value only (not the improved value) at the time contracts are signed — which can result in significant savings. However, the rules vary by state and the concession is typically clawed back if you sell before moving in.
Can investors claim stamp duty concessions?
Generally no — most concessions are limited to owner-occupiers and first home buyers who intend to live in the property. Investment property purchases are subject to full stamp duty rates.
How much can a first home buyer save on stamp duty in Victoria?
In Victoria, a first home buyer purchasing a property at $600,000 pays zero stamp duty — saving approximately $31,000 compared to a standard purchaser. At $700,000, a first home buyer receives a concessional rate saving approximately $20,000-$24,000.
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