Stamp duty on $750,000
Three quarters of a million is where several concessions and grants reach their ceilings. What each state charges a first home buyer and an investor at this price.
Checked by Radif Partners · Editorial policy · Methodology
For a first home buyer, $750,000 is the price where Victoria stops helping with duty: its first home concession tapers to nothing at $750,000, so the buyer pays the full $40,070. The same figure caps four other schemes. Victoria's $10,000 First Home Owner Grant is still paid on a new home at exactly this price; Queensland's $30,000 grant is not, because the home must be valued below $750,000. In NSW the grant applies to land plus a building contract up to $750,000. Victoria's pensioner reduction also ends at this price. Meanwhile NSW and the ACT still charge an eligible first home buyer nothing, Queensland charges $10,925 on an established home, and Western Australia $24,225. An investor pays between $22,200 in the ACT and $40,070 in Victoria.
This price in one state, four buyer profiles
Investor
$40,070
| Home buyer, not first | $40,070 |
| First home buyer, established | $40,070 |
| First home buyer, new home | $40,070 |
| Foreign investor | $100,070 |
First home buyers and investors at $750,000
| State | First home, established | First home, new: duty | First home, new: grant | Investor |
|---|---|---|---|---|
| NSW | $0 | $0 | $0 | $27,937 |
| VIC | $40,070 | $40,070 | $10,000 | $40,070 |
| QLD | $10,925 | $0 | $0 | $26,775 |
| WA | $24,225 | $24,225 | $10,000 | $29,741 |
| SA | $35,080 | $0 | $15,000 | $35,080 |
| TAS | $28,935 | $28,935 | $20,000 | $28,935 |
| ACT | $0 | $0 | $0 | $22,200 |
| NT | $37,125 | $37,125 | $50,000 | $37,125 |
Victoria and Western Australia treat a new and an established first home alike at this price, because their concessions do not distinguish between them; Tasmania and the Territory do too, by giving no duty concession to either. Queensland and South Australia are the opposite: a new first home is duty free at any price, an established one is not.
Five ceilings at the same number
Victoria writes $750,000 into three separate rules: the first home concession cap, the pensioner reduction cap and the grant cap. Queensland uses it as the grant limit, NSW as the grant limit for land plus building. Two of those limits include the figure itself (Victoria's grant, the NSW build cap), one excludes it (Queensland's grant), and in Victoria's two duty concessions the reduction has simply reached zero.
It was also, until recently, the cap of two concessions that have now changed. Tasmania exempted established first homes up to $750,000 for settlements to 30 June 2026. Western Australia's first home concession ended at $750,000 outside Perth and Peel between 21 March 2025 and 6 May 2026, and its grant cap was $750,000 before 7 May 2026.
How Queensland gets to its figure
Queensland's $10,925 for an established first home is not a separate scale. The home concession rate at this price is $19,600, and the first home concession takes off a fixed $8,675, an amount that falls by $1,735 for each $10,000 band until it disappears at $800,000. The Queensland first home page has the full table.
A repeat buyer living in the home
Without any first home benefit, an owner-occupier at $750,000 pays $19,600 in Queensland and $19,208 in the ACT, the two places with an owner-occupier rate at this level, against $27,937 in NSW and $40,070 in Victoria.
Either side of $750,000
The $600,000 page covers the price where the Victorian and WA tapers start. At $800,000, the next step, the NSW exemption and the Queensland established-home concession both end. Every price is listed on the duty by price index.