First Home Plus One

First Home Plus Plus Scheme was replaced by the First Home - New Home scheme on 1 January 2012.

First Home Plus One allows eligible purchasers to buy property with other parties and still receive a concession. To qualify, the eligible purchasers must buy at least 50 per cent of the property. The value limits and other eligibility criteria of First Home Plus apply.

Transfer duty is calculated with reference to the proportion of the property purchased by other parties. However, this interest is disregarded if it is not more than five per cent.

The tables below give a guide to the concession applicable.

Note: If the first home buyer’s spouse has previously owned a home or received a benefit under First Home Plus, the first home buyer will not be entitled to First Home Plus One, regardless of whether or not the spouse is also a purchaser.

First Home Plus One - homes example calculations

Purchase price ($) 50% acquired by
first home buyer
Duty ($)
Savings ($) 90% acquired by
first home buyer
Duty ($)
Savings ($)
250,000 3,620 3,620 724 6,516
300,000 4,495 4,495 899 8,091
350,000 5,620 5,620 1,124 10,166
400,000 6,745 6,745 1,349 12,141
450,000 7,870 7,870 1,574 14,166
500,000 8,995 8,995 1,799 16,191
525,000 12,369 6,746 6,972 12,143
550,000 15,743 4,498 12,145 8,096
575,000 19,116 2,249 17,317 4,048

First Home Plus One - vacant land example calculations

Purchase price ($) 50% acquired by
first home buyer
Duty ($)
Savings ($) 90% acquired by
first home buyer
Duty ($)
Savings ($)
100,000 995 995 199 1,79
200,000 2,745 2,745 549 4,941
300,000 4,495 4,495 899 8,091
340,000 7,493 3,297 4,855 5,935
380,000 10,491 2,099 8,812 3,778
420,000 13,489 901 12,768 1,622
Last updated: 17 March 2016