Buying a property after 1 July 2017?
No stamp duty will be payable for first home buyers on properties purchased for up to $600,000. You must move into the property within 12 months of settlement. Purchasers of land will receive a refund of stamp duty paid after the house commences construction.
A sliding discount scale applies to first home buyers for properties purchased for between $600,001 and $750,000. The stamp duty calculator on the State Revenue Office website has been updated and the sliding scale is as follows (click to enlarge):
Owners occupiers (not first home buyers) who purchase a property to live in will still receive up to a $3,100 discount on stamp duty, known as the Principal Place of Residence Concession. This is unchanged from pre 1 July 2017.