From 1 August 2021, the thresholds will revert to the previous parameters:
- New homes valued less than $650,000 will be eligible for a transfer duty exemption.
- New homes valued between $650,000 and $800,000 will be eligible for a concessional rate of duty.
- Vacant land valued less than $350,000 will be eligible for a transfer duty exemption.
- Vacant land valued between $350,000 and $450,000 will be eligible for a concessional rate of duty.
- Existing home thresholds remain unchanged.