Under the NSW First Home (New Homes) scheme:
- an exemption from transfer duty is also available for eligible first home buyers purchasing a new home valued up to $500,000 and vacant land up to $300,000; and
- concessions are available on duty for homes valued between $500,000 and $600,000 and vacant land valued between $300,000 and $450,000.
This includes buying land as the site to build a first home.
For more details, go to the NSW Office of State Revenue