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    1. Home
    2. Definitions
    3. Unencumbered value

    Unencumbered value

    Issued date
    16 October 2024

    First home owner grant

    The value of the property being transferred disregarding any encumbrance; for example, money owed under a mortgage.

    See section 8A of the First Home Owner Grant and Other Home Owner Grants Act 2000 for a full definition.