Stamp Duty Concessions & First Home Owners Grant Information
Principal Place of Residence Concession
The Principal Place of Residence (PPR) Concession is a discount on stamp duty a purchaser may be eligible for when they purchase real estate with the intention of moving in within twelve (12) months of settlement as their primary place of residence. Calculate your concession using the stamp duty calculator here.
First Home Owners Concession
From 1 September 2014, eligible first time home buyers can receive a 50 percent reduction of stamp duty (and if the purchase below $550,000 the PPR concession above will also apply). Calculate your concession using the stamp duty calculator here.
First Home Owners Grant
Only purchasers of newly built homes (off-the-plan apartments, house and land packages, newly completed homes from which the purchaser is the first occupier) are still eligible to receive the grant of $10,000 from 1 July 2013. For up to date information visit our blog.
The State Revenue Office (SRO. They are the government agency which collects the stamp duty for Victoria) has a great Stamp Duty calculator, Principal Place of Residence (PPR) Concession calculator and other information for first home owners. Please refer to the SRO website.