Mortgage

The items listed below are not links. They indicate where you are in this process.

• Start

• Eligible agreement or transfer

• Property

• Amount secured

• Dutiable value - dwelling

• Dutiable value - land

• Type of property

• Exemption

• 75% discount

• 50% discount

• 25% discount

• No discount

Mortgage duty will be abolished in 3 stages:

1 September 2007

Duty is not chargeable on advances made to a natural person/s on or after this date in connection with owner occupied housing. This includes refinancing an owner occupied home loan.

1 July 2008

Duty is not chargeable on advances made to a natural person/s on or after this date for investment housing.

1 July 2012

Mortgage duty is abolished. NSW Mortgage duty will not be chargeable on advances made on or after 1 July 2012.

Agreement for sale or transfer

The First Home Plus Scheme provides first home buyers with an exemption or concession on transfer and mortgage duty.

From 1 May 2007 First Home Plus allows for first home buyer/s to purchase property with other parties (equity partners) and still receive a concession.

To determine whether or not you qualify for these concessions refer to the related First Home Plus topics: 'Agreement for sale' or 'Transfer'.

Mortgage

First home buyers can also receive First Home Plus concessions on mortgages used to finance a purchase under an eligible First Home Plus agreement or transfer.

The extent of the concession is dependent on the type of property acquired (existing dwelling or vacant land) and the dutiable value of that property. Certain thresholds apply. Full mortgage duty concessions and exemptions apply even if the property is purchased in conjunction with equity partners.

Eligibility:

For a mortgage to be eligible under the scheme it must:

Select the 'start' button below to see if you qualify for a concession on your mortgage.

More information