From 1 September 2016, the Northern Territory Government introduced increased stamp duty assistance for first home buyers who purchase an established home in the Northern Territory up to the value of $650 000.
The First Home Owner Discount (FHOD) is a full stamp duty concession on the initial $500 000 value of the home, which equates to stamp duty savings of up to $23 928.60.
For established homes valued at more than $650 000, a stamp duty saving of $10 000 is available until 31 December 2016.
An established home is one that has been previously sold or occupied, and is able to be lawfully occupied as a place of residence.
First home buyers that are building or acquiring a new home are not entitled to the FHOD, however may be eligible for the $26 000 First Home Owner Grant (FHOG). Persons who are not entitled to the FHOD or FHOG may be eligible for the stamp duty Principal Place of Residence Rebate or the Senior, Pensioner and Carer Concession.
Where an applicant is eligible for more than one home incentive concession or grant, applicants will receive the highest grant or concession.
For transactions entered into from 1 September 2016, the table below gives examples of the stamp duty savings provided for first home buyers purchasing an established home.    
Calculators to assist in determining the stamp duty payable can be found here.
​​Dutiable value ​​Normal duty payable​ ​FHOD Duty payable after FHOD
​​$400 000 ​​$16 514.30 ​​$16 514.30 ​​$0.00
​​$450 000 ​​$20 057.15 ​​$20 057.15 ​​$0.00
​​$500 000 ​​$23 928.60 ​​$23 928.60 ​​$0.00
​​$650 000 ​​$32 175.00 $23 928.60 ​​$8 246.40
​​$700 000 ​​$34 650.00 ​​$10 000.00* $​24 650.00*
*$10 000 stamp duty concession for homes valued over $650 000 is only available for contracts entered into on or before 31 December 2016.
*For transactions entered into between 24 May 2016 and 31 August 2016, the FHOD reduces the stamp duty otherwise payable on the conveyance by 50 per cent, up to a maximum discount of $10 000.

Home Renovation Package

From 1 September 2016 to 31 August 2018, recipients of the FHOD are also entitled to a $10 000 Home Renovation Package. For further details, refer to the Department of Business, Trade and Innovation.