Stamp Duty Explained

The temporary off-the-plan duty concession reduces the stamp duty payable on the purchase of new apartments off-the-plan. This initiative is aimed at making housing more affordable for buyers.

To qualify for the concession, you must meet the following criteria:

• The property is a new apartment purchased off-the-plan.
• The contract of sale must be signed from 21 October 2024 for 12 months.
• Available to all purchasers, including investors, companies and trusts.

More information can be found here

The concession provides a reduction in stamp duty to all available Lowe Living properties selling off-the-plan. The specific amount you can save depends on the purchase price and the nature of the construction. For precise calculations, please contact The Lowe Living team who can provide specific savings available.

There’s no need for a separate application. Your solicitor or conveyancer will automatically apply the concession during the settlement process, provided that the eligibility criteria are met.

Yes, to qualify for the concession, you must sign the contract of sale by 20 October 2025. However, as construction progresses the saving available will be reduced.

Yes, the temporary off-the-plan duty concession is available to all purchases including investors. Investment properties do qualify for this concession.

First-time home buyers can still benefit from this concession if they meet the eligibility criteria. Additionally, consider exploring other available grants and concessions specifically for first-time buyers.

In addition to stamp duty, be mindful of:

• A deposit (typically 10% of the purchase price)
• Legal and conveyancing fees
• Building inspection costs at settlement

Loan establishment fees, if applicable

For updates, regularly check the State Revenue Office website or alternatively, subscribe to our newsletter. The Lowe Living team is also available to help you navigate any changes.

For personalized assistance, please reach out to your Lowe Living sales consultant or contact our customer service team. We’re here to guide you through every step of your home-buying journey.