Buying or selling property

This page gives a summary of the grants, taxes and duties that may apply when you are buying or selling property in NSW.

 

Grants

When buying property you may be entitled to one of the New South Wales (NSW) Government’s home buyer grants or concessions. On this page, you will find all grants and concessions available to home buyers in NSW and a summary to help guide you to more information.

 

Housing affordability

Pre Budget announcement - Housing affordability

More information Ahead of the 2017 State Budget, the NSW Government announced a housing affordability package. The changes are planned to take effect from 1 July 2017.

Note: There have been no changes announced about the current concession for vacant land up to $450,000.

Information on this website will be updated as information becomes available.

 

First home - New Home Scheme

First Home—New Home

More information Apply A duty concession on new homes valued up to $550,000 and vacant land valued up to $350,000.

A duty concession on new homes valued between $550,000 and $650,000, and vacant land valued between $350,000 and $450,000.

 

First Home Owner Grant Scheme

First home owner grant (New home)

More information ApplyA $10,000 grant for first home buyers of new homes of a value up to $750,000.

 

New Home Grant Scheme

NSW New home grant scheme

More information ApplyA $5,000 grant towards the purchase of news homes valued up to $650,000 and vacant land valued up to $450,000 on which a new home will be built.

 

Taxes and Duties

When buying or selling property you may also be liable for taxes and duties. This page provides a summary of all the taxes and duties applicable when buying or selling property to help guide you to more information.

 

Land tax

Land tax

More information Pay nowA tax levied on liable owners of land in NSW as at midnight on the 31 December of each year.

 

Loose-fill asbestos insulation

Loose-fill asbestos insulation

More informationA duty concession on a purchase of replacement residential property by owners of residential property that was acquired by a State authority because it contained loose-fill asbestos insulation.

 

Mortgage duty

Mortgage duty in NSW

More information Pay nowA duty charged on an amount secured by a mortgage in NSW.

 

Mortgage duty

Multistate mortgage duty

More information Pay nowA duty charged on mortgages that cover property both in and out of NSW. The mortgages may be single mortgages and mortgage packages.

 

Surcharge purchase duty

Surcharge purchaser duty

More informationA 4 per cent surcharge purchaser duty on the purchase of residential real estate by foreign persons.

 

Transfer of land of business

Transfer of land or business duty

More information Pay nowA duty applied to the sale or transfer of land or a business.

 
Last updated: 28 June 2017