---
title: Stamp duty change for First Home Buyers starting 1 August 2020
description: Stamp duty Relief for First -home Buyers
image: https://www.sydneyconveyancing.com.au/hubfs/Conveyancing-Castle-Hill-Licensed-Conveyancer.jpg
---

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## Conveyancing Blog

###### 1 min read

# [Stamp duty change for First Home Buyers starting 1 August 2020](https://www.sydneyconveyancing.com.au/conveyancing-blog/stamp-duty-change-for-first-home-buyers-starting-1-august-2020)

 Jul 27, 2020 10:52:56 AM

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NSW government has abolished stamp duty for First-Home buyers to give relief to to support the economy amid the Covid-19 pandemic.

The New scheme starts from 1 August and applies to new properties worth up to $800,000.00. A further discount applies for new properties costing up to $1 million. The stamp duty threshold on vacant land will also rise from $350,000 to $400,000 and will phase out at $500,000.

This scheme will not only assist First-home buyers but also boost housing construction across NSW and support jobs in the building industry.

The change to the thresholds will only apply to newly-built homes and vacant land, not to existing homes, and will last for 12-months, starting on August 1 2020 and ending on July 30 2021.

For more information call one of our Licensed Conveyancer to speak with at 6989 4656 or visit out site  - [https://www.sydneyconveyancing.com.au/](https://www.sydneyconveyancing.com.au/)

 Topics: [Real Estate Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/real-estate-conveyancing) [Conveyancing Sydney](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/conveyancing-sydney) [First Home Super Saver Scheme](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/first-home-super-saver-scheme) [First home Buyer](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/first-home-buyer)

##### Written by [Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW](https://www.sydneyconveyancing.com.au/conveyancing-blog/author/sydney-conveyancing-fixed-professional-fees-conveyancing-in-sydney-across-nsw)

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