First Home Plus One Scheme was replaced by the First Home – New Home scheme on 1 January 2012.
If the first home buyer’s spouse has previously owned a home or received a benefit under First Home Plus, the first home buyer will not be entitled to First Home Plus One, regardless of whether or not the spouse is also a purchaser.
Transfer duty is calculated with reference to the proportion of the property purchased by other parties. However, this interest is disregarded if it is not more than five per cent.
The tables below give a guide to the concession applicable.
Purchase price ($) | 50% acquired by first home buyer Duty ($) | Savings ($) |
---|---|---|
250,000 | 3,620 | 3,620 |
300,000 | 4,495 | 4,495 |
350,000 | 5,620 | 5,620 |
400,000 | 6,745 | 6,745 |
450,000 | 7,870 | 7,870 |
500,000 | 8,995 | 8,995 |
525,000 | 12,369 | 6,746 |
550,000 | 15,743 | 4,498 |
575,000 | 19,116 | 2,249 |
Purchase price ($) | 90% acquired by first home buyer Duty ($) | Savings ($) |
---|---|---|
250,000 | 724 | 6,516 |
300,000 | 899 | 8,091 |
350,000 | 1,124 | 10,166 |
400,000 | 1,349 | 12,141 |
450,000 | 1,574 | 14,166 |
500,000 | 1,799 | 16,191 |
525,000 | 6,972 | 12,143 |
550,000 | 12,145 | 8,096 |
575,000 | 17,317 | 4,048 |
Purchase price ($) | 50% acquired by first home buyer Duty ($) | Savings ($) |
---|---|---|
100,000 | 995 | 995 |
200,000 | 2,745 | 2,745 |
300,000 | 4,495 | 4,495 |
340,000 | 7,493 | 3,297 |
380,000 | 10,491 | 2,099 |
420,000 | 13,489 | 901 |
Purchase price ($) | 90% acquired by first home buyer Duty ($) | Savings ($) |
---|---|---|
100,000 | 199 | 1,79 |
200,000 | 549 | 4,941 |
300,000 | 899 | 8,091 |
340,000 | 4,855 | 5,935 |
380,000 | 8,812 | 3,778 |
420,000 | 12,768 | 1,622 |