Quality vacant residential blocks in sought after areas are just that little bit harder to come by. We advise all interested parties to make their interest known early as this ideal opportunity for the creative mind, investor, developer or even first home buyer won't last long. First Home Buyers Assistance Scheme: If you are purchasing vacant land on which you intend to build a home, you may receive an exemption for land valued up to $350,000 and a concessional rate for land valued over $350,000 and less than $450,000. Please note that this information is valid at time of writing and interested parties should rely on their own enquiries.