Principal Place of Residence
nounprin·ci·pal place of res·i·dencepronounced PRIN-sə-pəl PLAYS ov REZ-ə-dəns
Last reviewed 16 April 2026
What does the noun Principal Place of Residence mean?
The home you live in as your main residence. Most stamp duty concessions require you to move in within a specified period after settlement and live there continuously for 6 to 12 months.
How the noun Principal Place of Residence is used
To keep your stamp duty concession, you need to move into the property as your principal place of residence within 12 months and stay for at least a year.
Synonyms
PPOR, primary residence, main residence
Related words
Cite this entry
MLA citation: "Principal Place of Residence." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/principal-place-of-residence. Accessed 29 May 2026.
Chicago citation: How to Property. "Principal Place of Residence." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/principal-place-of-residence.
APA citation: How to Property. (2026, April 16). Principal Place of Residence. https://howtoproperty.com.au/definitions/principal-place-of-residence