Breaking down stamp duty.
Stamp duty is a one-time fee you are required to pay to the State Government when you purchase land or property in Australia. It serves to cover the administrative costs of the Government changing the title and ownership details.
The way stamp duty is calculated depends on where the purchase takes place and the value of the land or property. Each state and territory has its own stamp duty rules, rates, and exemptions – for example, many states waive or reduce stamp duty for first home buyers if they meet certain criteria. Off-the-plan or newly constructed properties may also have lower stamp duty.
Stamp duty applies to land and property bought for both owner-occupier and investment purposes, plus those received as gifts or through a trust.
How do I pay stamp duty?
Stamp duty is paid to the state or territory revenue office on settlement day – usually via direct debit, bank transfer, or credit card.
It is crucial that you meet your stamp duty payment deadline. An overdue payment could attract penalties, including fines or additional interest charges.
Using a conveyancer or solicitor? They may be able to organise for the funds to be transferred on your behalf on settlement day.
How do I calculate stamp duty?
The amount you pay for your stamp duty is calculated as a percentage of either the price you paid for the property or the property's market value (whichever is higher). Generally, the higher the property value, the more your stamp duty will be.
As stamp duty is an upfront cost, it is important that you include it in your calculations for your house deposit. You can use the calculator below to get a good indication of how much you will have to pay.
Estimate your stamp duty.
Buying your first home?
Now that's exciting! If you need a hand learning the lingo or understanding the home buying process, check out the guides, tools, FAQs, and calculators available on our first home buyer hub.
More home loan support.
Chat to an expert
Have questions about the home loan process? Speak with a Lending Specialist for personalised service and support.
Book appointmentKeep reading
We're an award-winning lender.
Recognition we've received for doing right by our customers.
Forbes World's Best Banks for 2024
Canstar's Customer Owner Bank of the Year, Digital Banking 2015 - 2024
Canstar's Customer Owner Bank of the Year, Most Satisfied Customers 2023
Help is here.
Please read this important information.
|
The results from this calculator should be used as an indication only. Eligibility for Government grants are subject to specific conditions relevant in each state or territory. These specific conditions are not catered for in this calculator. Information in this calculator is subject to change. You should confirm the government costs and duties payable and any concessions you may be entitled to with the relevant government authorities. |
|
|
Results are based on information you have provided and do not take your personal circumstances into account. This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions. |
|
|
Calculator by Widget Works. |