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Australian Capital Territory's Home Buyer Concession Scheme

On July 1 2019, the First Home Owner Grant was replaced with the Home Buyer Concession Scheme (HBCS). Eligible applicants for the HBCS who enter into a transaction to purchase property on or after 1 July 2019 are entitled to a full or reduced duty concession. This scheme applies to vacant residential land and both new and established homes, anywhere in the ACT and at any price.

In order to pay no stamp duty on your new home purchase, the following eligibility criteria must be met:

All buyers of the home or land must be at least 18 years of age.
All buyers including their partners (if any) must not have owned any other property in the last two years.
At least one buyer must live in the home continuously for at least one year, starting within 12 months of the date of completion (settlement date) or the date that a certificate of occupancy has been issued.
The total gross income of all buyers, including their partners (if any), over the full financial year before the transaction date must be less than or equal to the income thresholds below.

Income Threshold for Transactions From 1 July 2022

Dependent Children	Gross Income
Number of dependent children: 0	Total gross income threshold: $170,000
Number of dependent children: 1	Total gross income threshold: $173,330
Number of dependent children: 2	Total gross income threshold: $176,660
Number of dependent children: 3	Total gross income threshold: $179,990
Number of dependent children: 4	Total gross income threshold: $183,320
Number of dependent children: 5 or more	Total gross income threshold: $186,650

Income Threshold for Transactions from 1 July 2019 to 30 June 2022

Dependent Children	Gross Income
Number of dependent children: 0	Total gross income threshold: $160,000
Number of dependent children: 1	Total gross income threshold: $163,330
Number of dependent children: 2	Total gross income threshold: $166,660
Number of dependent children: 3	Total gross income threshold: $169,990
Number of dependent children: 4	Total gross income threshold: $173,320
Number of dependent children: 5 or more	Total gross income threshold: $176,650

More Information:

https://www.revenue.act.gov.au/home-buyer-assistance/home-buyer-concession-scheme

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We feel like we’re living in 5-star accommodation

We love the quality of materials used and the little details that make our home different from others. Though we don't have a big house, we feel like we are living in 5-star accommodation because of the quality inclusions. Hotondo Homes Toowoomba nailed the floor plan that we wanted, and we had a lot of compliments from friends about it. Steve really listens to what the clients want. May be a bit pricier than other builders, but it's really worth it given the quality of the home.

Kristian Toowoomba, QLD

It was worth building a home than buying one!

I definitely recommend Hotondo for anyone looking to build, in the long run I could see that it was worth my time building a home than buying one. It suits our current lifestyle perfectly and we look forward to building again someday!

Fairley Leeton, NSW

Everything was seamless!

This was our first new home build and what we thought was going to be a nerve-wracking experience turned into a pleasurable journey. From our first meeting with Jimmy to our day of colour selection with Julie, everything was seamless. The office staff were extremely friendly and helpful, and our site manager Dustin was a pleasure to work with as were the tradies. I would highly recommend Hotondo Homes to anyone!

Brett Albury Wodonga, NSW/VIC