Factor in associated costs of purchasing a property
Stamp duty is one of a number of additional costs to consider when you’re looking at purchasing a property, whether it’s your dream home or an investment to add to your portfolio.
The way stamp duty is calculated differs across each state and territory in Australia. Some buyers, such as first-home buyers, may be eligible for concessions depending on where they’re purchasing a property. Use the calculator below to find out how much your stamp duty costs may be on a property you’re considering.
What is stamp duty? How much do I need to pay?
Stamp duty, also known as transfer duty, is a state or territory government tax that can apply to property and land purchases, including a new home, investment property or vacant land.
It isn’t a flat fee. The amount payable varies depending on your location in Australia and is typically calculated using the property’s value (generally the higher value between the purchase price and market value), along with the rates, thresholds and any surcharges that apply.
The buyer is responsible for paying the fee on their new purchase. Use the stamp duty calculator above to estimate the amount that applies to a property within your budget range in your state or territory.
Payment requirements and due dates also differ across the country. Your solicitor, conveyancer or settlement agent can organise the payment in line with your jurisdiction’s guidelines. Stamp duty is an upfront payment, so it’s important to factor it in when planning your deposit and other buying costs. Speak with your settlement agent or finance broker about the timing and funding options associated with your specific purchase.
Some buyers are eligible for exemptions or concessions on the payment, including first-homebuyers. Check the current rules and eligibility criteria for your location and seek advice from your solicitor, conveyancer or settlement agent on actual costs that apply to your situation.
Explore our range of finance calculators
Use our calculators to guide budgeting and planning your next move. Then book an appointment with one of our property finance specialists to build a strategy and achieve your property goals.
New investor essentials
Getting started in property investment? Download our investor pack to access our essential toolkit for beginner investors:
- Free Budget Planner
- Property Investing: A Beginner’s Guide
- Property Investing Finance Fundamentals
Latest news
Learn more about property investing and what’s happening in markets across Australia.
Thought Leadership
More homes are being built in WA, so why does the housing shortage feel worse?
If you only looked at Western Australia’s latest building activity figures, you’d be forgiven for thinking the housing shortage is finally on the path to being solved.
Thought Leadership
Perth rental supply: steady for years, now slipping
Perth’s rental market has run on tight but steady supply for the past couple of years, with REIWA data showing roughly 2,000 to 2,400 properties available for rent in any given week.
Thought Leadership
Staff spotlight: Meet Property Acquisition Specialist Karen Carroll
After more than two decades in the property industry, Karen Carroll has seen real estate from almost every angle.
Thought Leadership
Why a buyer’s agent adds value in any market
A common misconception is that buyer’s agents are most valuable when the market is booming and competition is fierce. While they certainly play an important role in hot markets, the reality is that professional guidance can be just as valuable when conditions cool.
Book your free consultation
Fill out the form below to request a free consultation with one of our property finance experts.