What is stamp duty?

Stamp duty is a tax imposed by state and territory governments on real estate transactions. Buyers are required to pay it when completing their purchase.

How much is stamp duty?

The amount depends on the value of the home at the time it was acquired and the State in which it is located. Generally speaking, the greater the value, the higher the duty.

First home buyers may be eligible for a stamp duty concession or exemption.

Access to these varies from state to state and is generally determined by the value of the property. Another important condition is that the buyer generally needs to live in the home either immediately or within 12 months of acquisition.

Select the State in which the property is located to check the actual requirements for an exemption or concession:

Australian Capital Territory

New South Wales

Northern Territory

Queensland

South Australia

Tasmania

Victoria

Western Australia

Are there any other government costs?

Fees also apply to mortgage registration and transferring ownership of the home to your name.

The costs are important to know because they can impact on the amount you can borrow and the home you can afford.

Shroogle will estimate these when you enter your information.

 

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