How much could first home buyers save?
| First home purchase price | Ordinary stamp duty | Savings for first home buyers of new dwellings* | Savings for first home buyers of existing dwellings* | Total stamp duty charges for foreign investors (surcharge plus stamp duty)** |
|---|---|---|---|---|
| $500,000 | $17,990 | $28,768 | $18,768 | $57,990 |
| $550,000 | $20,240 | $31,451 | $21,451 | $64,240 |
| $600,000 | $22,490 | $34,361 | $24,361 | $70,490 |
| $650,000 | $24,740 | $26,857 | $26,857 | $76,740 |
| $700,000 | $26,990 | $18,786 | $18,786 | $82,990 |
| $710,000 | $27,440 | $17,172 | $17,172 | $84,240 |
| $750,000 | $29,240 | $10,950 | $10,950 | $89,240 |
| $775,000 | $30,365 | $6,922 | $6,922 | $92,365 |
| $800,000 | $31,490 | $2,896 | $2,896 | $95,490 |
As at 2017 and subject to change.
*Total of stamp duty exemptions plus first home owners grant plus savings from LMI duty abolition (Genworth LMI Premium Estimator based on a first home buyer with a $50,000 deposit).**Does not include additional land tax surcharge.