Cambridge Realty International

	Name Benny Deng Position Director Profile Director, L.R.E.A.
	Name Harvard Shen Position Director Profile Director, L.R.E.A.

Is there any exemption on Stamp Duty? The First Home Plus Scheme provides eligible purchasers with exemptions on transfer duty on homes valued up to $500,000 and concessions on duty for homes valued between $500,000 and $600,000. Eligible purchasers buying a vacant block of residential land to build their home on will pay no duty on vacant land valued up to $300,000, and will receive concessions on duty for vacant land valued between $300,000 and $450,000. How much is First Home Owner Grant? For contract date between 1/1/2010 to 30/6/2010, if buying Established Home, first home buyers will receive $7000; if buying New Home, first home buyers will receive $10,000. The grant is only payable per eligible transaction (contract) regardless of the number of eligible applicants involved in the transaction. How much is the First Home Owner Cap? From 1 January 2010, a $750,000 cap apply to all applications where the commencement date of the eligible transaction is on or after 1 January 2010.