NSW First Home Buyer Stamp Duty Concessions (2025)
NSW 2025 FHB concessions and exemptions: eligibility, thresholds, how to claim, and examples — with a calculator.
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Overview
NSW offers duty concessions/exemptions to eligible first home buyers, subject to price caps and criteria such as citizenship/PR and occupancy. These concessions are designed to reduce upfront purchase costs so that eligible buyers can enter the property market sooner. In practice, the benefit you receive depends on the contract date, the dutiable value of the property, whether it will be your principal place of residence, and whether you meet the residency and first‑time ownership requirements. Because thresholds and policy settings can change with state budgets, it is critical to check the current year's rules before signing a contract. Your conveyancer/solicitor can also confirm eligibility and help you lodge the correct forms.
In addition to the value caps, timing and occupancy are common pitfalls. Many schemes require you to move in within a set window and live in the property for a minimum period; failing to do so can result in reassessment. Evidence requirements (identity, residency, and contract details) must be provided accurately. If you are close to a threshold, even small changes in the dutiable value can alter the outcome — for example, off‑the‑plan concessions or certain adjustments at settlement. Use the calculator to model scenarios at different prices so you understand where concessions taper or cease, and plan your offer accordingly.
Key Points
- Price thresholds for concessions/exemptions
- Occupancy requirements and deadlines
- Evidence and application steps
Examples (Illustrative)
Scenarios near the thresholds; when full exemption vs concessional duty applies.
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Sources
- Revenue NSW — First Home Buyer Assistance: https://www.revenue.nsw.gov.au
- ASIC Moneysmart — Buying a home costs: https://moneysmart.gov.au
Frequently asked questions
Who is eligible for FHB concessions?
Generally citizens/PRs buying their first home within price caps and meeting occupancy criteria. Check current rules.
How do I claim?
Through your conveyancer or directly with Revenue NSW, submitting required evidence and forms.
Do I need to live in the property?
Most FHB concessions have occupancy requirements and deadlines. Failure to occupy may void the concession.
Can I combine FHB concessions with other grants?
Possibly. Eligibility for separate schemes differs; check current NSW rules for stacking and sequencing.
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