House and land package exemption from 1 July 2022

From 1 July 2022, an exemption from stamp duty applies for eligible individuals who acquire newly-developed land from a registered building practitioner on which there is, or will be, a home constructed by the builder. At least one applicant must live in the home as their principal place of residence within 12 months of completion and stay for a continuous period of at least 6 months.