First Home Buyer Choice
Legislation for First Home Buyer Choice received assent on 11 November 2022. First home buyers now have a choice between paying upfront transfer(stamp) duty or an annual property tax.
Learn more about the First Home Buyer Choice.
Eligible first home buyers who signed a contract of purchase between 11 Nov 2022 and 15 Jan 2023 can now claim a refund of transfer duty paid by opting into
First Home Buyer Choice via the Revenue NSW portal online
before 30 June 2023.
The First Home Buyer Choice Calculator is an online tool that will help eligible
NSW first home buyers make an informed choice. The calculator is for informational purposes only and does not replace financial or legal advice.
Find out more by watching the Introduction to First Home Buyer Choice
video.
This initiative is in addition to the existing First Home Owner (New Homes) Grant, and the First Home Buyers Assistance Scheme offering transfer duty exemptions and concessions.
Note: New home changes to this scheme from 1 August 2020 will be updated and ready for calculation from 31st August, 2020.
The first home buyers assistance scheme provides exemptions or concessions on transfer duty for eligible first home buyers in NSW.
The "shared equity arrangements" within the first home buyers assistance scheme allows for eligible first home buyers to purchase property with other parties and still receive a concession.
The agreement of transfer must be for the acquisition of a home or vacant land intended to be used as the site of a new home.
Read more about the First Home Buyers Assistance scheme.
All amounts entered must be numbers. Please do not include dollar signs, commas, spaces or cents. For example: 22000.
If you need help using this calculator, contact us.