The exemption and concession are available for new and established home purchases and will be applicable to contracts signed from 1 July 2017.
From 1 July 2017, first home buyers purchasing properties valued below $600,000 will be exempt from paying stamp duty. Further, first home purchases valued between $600,000 and $750,000 will receive a concession applied on a sliding scale. It will be available for new and established home purchases.
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