A 50 per cent duty concession for eligible pensioners who sell their existing home and downsize to a new home is available where the property either:

  • being acquired has a property value of $400 000 or lower and the purchase completes between 10 February 2018 and 15 March 2021
  • being acquired has a property value of  $500 000 or lower  and the purchase completes between 16 March 2021 and 30 June 2022 inclusive; and
  • the value of the new property is less than that of the existing property being sold.

Specific conditions apply to this concession which is only available for their principal place of residence.

For more information:

Department of Treasury and Finance
6166 4400 or 1800 001 388