First home buyers must live in their home for 12 months instead of 6 to get duty exemptions or concessions.

First home buyers must live in their home for 12 months instead of 6 to get the First Home Owner Grant.

The maximum property value for first home buyer agreements to be eligible for assistance rises from $800,000 to $1,000,000.

The maximum property value for a full duty exemption rises from $650,000 to $800,000.

The formula used to calculate duty for approved applications is updated; the base value 'D' increases to $800,000.

Buyers can only choose to pay property tax instead of stamp duty if the transfer happened before 1 July 2023; this includes transfers based on agreements made before that date.