Rate of duty according to the Duties Act 2000

For settlement dates on or after 1 July 2011, land transfer duty rates are reduced for eligible first home buyers purchasing their principal place of residence (PPR) valued at not more than $600,000.

Land transfer duty was reduced by 20 per cent on 1 July 2011, followed by additional 10 per cent cuts on 1 January 2013, 1 July 2013 and 1 September 2014. This means there is a 50 per cent duty reduction available for eligible first home buyers purchasing their PPR for settlement dates on or after 1 September 2014.

For more details refer to our information about eligibility requirements.

 Purchase of a home (your PPR) for settlements on or after 1 September 2014

Dutiable value range Duty payable
$0 - $25,000 (1.4 per cent of the dutiable value of the property) less 50 per cent
> $25,000 - $130,000 ($350 plus 2.4 per cent of the dutiable value in excess of $25,000) less 50 per cent
> $130,000 - $440,000 ($2870 plus 5 per cent of the dutiable value in excess of $130,000) less 50 per cent
> $440,000 - $550,000 ($18,370 plus 6 per cent of the dutiable value in excess of $440,000) less 50 per cent
> $550,000 - $600,000 ($28,070 plus 6 per cent of the dutiable value in excess of $550,000) less 50 per cent
> $600,000 $960,000 The duty reduction for eligible first home buyers does not apply.
$2870 plus 6 per cent of the dutiable value in excess of $130,000
More than $960,000 The duty reduction for eligible first home buyers does not apply.
5.5 per cent of the dutiable value

View historical rates

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