First Home Buyer Choice is live

Applications for retrospective refunds on transfer duty are open

Eligible first home buyers can now choose between paying a smaller annual property tax or upfront stamp duty on properties purchased for up to $1.5 million (or vacant up to $800,000) from today.

Where transfer duty on contracts exchanged between 11 November 2022 and 15 January 2023 has already been paid, eligible first home owners can now apply for a refund if they choose to opt into First Home Buyer Choice. Off the plan purchases entered after 11 November 2021 may also qualify.