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New and existing homes
As a first home buyer, you may be eligible for a transfer duty concession or exemption.
- If your home is valued at less than $650,000, you can apply for a full exemption so that you don’t have to pay transfer duty.
- If the value of your home is between $650,000 and $800,000, you can apply for a concessional rate of transfer duty. The amount you’ll have to pay will be based on the value of your home.
The FHBAS applies to vacant land on which you plan to build your home.
- You won’t pay any transfer duty if your land is valued at less than $350,000.
- For land valued between $350,000 and $450,000, you’ll receive a concessional rate.
If you’re like many Sydney homeowners, you wish you had a more spacious and luxurious home. The problem is, you don’t want to give up your prized location!
KnockDown Rebuild by Metricon gives you the best of both worlds.
You can have a gorgeous, modern home with plenty of space for your family – without giving up the location you love. All you have to do is demolish your existing dwelling and replace it with your dream Metricon home.