Free Stamp Duty for Off-the-Plan Properties in Australia — Here's What You Need to Know

From 21 October 2024 to 21 October 2025, the Victorian Government is offering a stamp duty exemption for off-the-plan property purchases, including apartments and townhouses.

This initiative applies to all buyers, with no price cap and no first-home buyer restriction. The duty will be calculated based on the pre-construction land value, rather than the final contract price—potentially saving buyers tens of thousands of dollars.

In New South Wales, eligible off-the-plan buyers can also benefit from a stamp duty deferral of up to 12 months from the contract signing date, offering additional flexibility for financial planning.

For international investors, this presents a strategic opportunity to enter the Australian property market with lower upfront costs and strong capital growth potential.

Agathon Property is here to guide you every step of the way—helping you choose the best projects with expert advice from start to finish.

Sources:

• State Revenue Office Victoria – Temporary Off-the-Plan Duty Concession (21 Oct 2024 – 21 Oct 2025)

• Revenue NSW – Duty deferral up to 12 months for eligible off-the-plan purchases