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Uncover the Advantages of NSW First Home Buyers Assistance

Property value and thresholds

The tables below show the latest FHBAS thresholds based on the date you exchanged contracts.

On or after 1 July 2023

  Property value Exemption
New and existing homes

Value is equal to or less than

$800,000

Exempt

You can apply for a full exemption from transfer duty.

Value is above

$800,000

and less than

$1 Million

Concessional rate

You can apply for a concessional transfer duty rate.

Vacant land

Value is equal to or less than

$350,000

Exempt

You can apply for a full exemption from transfer duty.

Value is above

$350,000

and less than

$450,000

Concessional rate

You can apply for a concessional transfer duty rate.

Find more information on the revenue NSW site, including details about eligibility, conditions, and the application process.