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Stamp duty is what first home buyers pay (or don't). The 5% deposit scheme is the government First Home Guarantee: buy with 5% deposit, no LMI, no income caps. Price caps below are as at August 2026 and change with government budgets.
Stamp duty: $0 up to $600,000 (new or established), discount from $600,001 to $750,000.
5% deposit cap: $950,000 Melbourne + Geelong, $650,000 rest of state.
Stamp duty: $0 up to $800,000, reduced rate to $1,000,000.
5% deposit cap: $1,500,000 Sydney + regional centres, $800,000 rest of state.
Stamp duty: new builds $0 at any price. Established: $0 up to $700,000, discount to $800,000.
5% deposit cap: $1,000,000 Brisbane, Gold Coast + Sunshine Coast, $700,000 rest of state.
Stamp duty: $0 up to $600,000, reduced rate to $800,000.
5% deposit cap: $850,000 Perth, $600,000 rest of state.
Stamp duty: new builds $0 with no price cap. Established homes get no first home discount.
5% deposit cap: $900,000 Adelaide, $500,000 rest of state.
Stamp duty: the first home exemption ended 30 June 2026, so duty currently applies.
5% deposit cap: $700,000 Hobart, $550,000 rest of state.
Stamp duty: $0 for eligible buyers from 1 July 2026, no price cap (conditions apply).
5% deposit cap: $1,000,000.
Stamp duty: no general first home discount, but eligible new house and land packages can be duty free.
5% deposit cap: $750,000 Darwin, $600,000 rest of territory.
General information only. Every scheme has eligibility rules, and settings change. DM me on Instagram and I'll tell you what applies to you.