Occupancy Requirement

The minimum period you must live in a property after settlement to keep a first home buyer concession.

Most state FHB stamp duty concessions, the federal FHBG and the FHOG come with an occupancy requirement — typically 6 to 12 months of continuous residence starting within 12 months of settlement. Failing the occupancy requirement triggers repayment of the concession (and any FHOG already paid). The exact rules differ by state and scheme.