Stamp Duty Changes: What You Need to Know
Written by Jordan Davis-Kimber, Manager, and India Ketter Senior Conveyancer
Buying your first home in the ACT just became more affordable.
From 1 July 2026, the ACT Government has abolished stamp duty (also known as conveyance duty) for all eligible first home buyers. This is a landmark reform, making the ACT the first jurisdiction in Australia to remove stamp duty for first home buyers regardless of the property's value or the buyer's income.
What has changed?
Prior to 1 July 2026, eligibility for stamp duty concessions was subject to property value caps and income thresholds.
Now, eligible first home buyers can purchase a home in the ACT without paying stamp duty, regardless of:
- the purchase price of the property; or
- their household income.
This change removes one of the largest upfront costs associated with purchasing a home, making it easier for more Canberrans to enter the property market.
Who benefits?
The new measures apply to eligible first home buyers purchasing their principal place of residence.
In addition, the ACT Government has expanded stamp duty exemptions to:
- eligible pensioners;
- eligible National Disability Insurance Scheme (NDIS) participants; and
- people returning to the property market who have not owned residential property in the previous five years.
What does this mean for buyers?
For many first home buyers, stamp duty has been one of the biggest hurdles to entering the property market. Depending on the purchase price, the savings can amount to tens of thousands of dollars, allowing buyers to:
- reduce their upfront costs;
- put more towards their deposit; or
- retain additional funds for moving expenses, renovations or unexpected costs.
While this reform is excellent news, buyers should remember that purchasing property still involves important legal and financial obligations. Obtaining legal advice before signing a contract remains essential.
What about sellers?
Although the changes primarily benefit buyers, sellers may also see increased interest from first home buyers as more people become able to enter the market. Increased buyer activity may lead to greater competition in certain segments of the ACT property market.
Our advice
Whether you're purchasing your first home, selling your property, or simply exploring your options, obtaining legal advice before signing a contract can help you avoid costly mistakes.
Our experienced property team can:
- review the contract before you sign;
- explain your legal rights and obligations in plain English;
- assist you with determining your eligibility for available concessions; and
- guide you through the conveyancing process from beginning to end.
If you're considering buying or selling property in the ACT, we'd be happy to help make the process as straightforward and stress free as possible.
This article provides general information only and should not be relied upon as legal advice. Every property transaction is different, and you should seek advice specific to your circumstances.