Are first home buyers in Australia exempt from stamp duty?
In some states and territories in Australia, first home buyers may be eligible for stamp duty concessions or exemptions. The criteria vary widely by state, and it often depends on the value of the property. For example, NSW provides a full stamp duty exemption for homes up to $650,000 and VIC offers a complete stamp duty exemption for properties up to $600,000. Please note that these conditions can change over time and may have additional qualifying criteria.