If you're looking to buy a property in Australia, you've probably heard of Stamp Duty, also known as transfer duty. So what is Stamp Duty? And how to apply?
Stamp Duty is a tax we pay when buying a home in Australia.
How much do you have to pay Stamp Duty?
1. State/Territory you plan to buy
Stamp Duty values are determined by each State and Territory Government. This means that each State and Territory has a different set of rates, rates, and exemptions.
For example, if you buy a $700,000 home in Albury, NSW, the same home value but you will pay less stamp duty than the stamp duty on the home in Wodonga, VIC.
2. Property value
The value of the property you intend to buy is a major factor in how stamp duty is calculated. Each State and Territory has a different stamp duty percentage.
3. In some cases Stamp Duty will be exempt
Depending on the State & from time to time, the State Government will offer a program to reduce or waive Stamp Duty for certain cases.
Contact Flexi Mortgage 02 8773 1451 to update the Stamp Duty Support Program.
When do you have to pay Stamp Duty?
Depending on the State, the time to pay Stamp Duty will also be different:
- NSW – within three months of signing the sale or transfer agreement.
- QLD – within 30 days of settlement.
- VIC – within 30 days of settlement.
- ACT – after settlement and within 14 days of receiving the Notice of Assessment
- TAS – within three months of real estate transfer
- NT – within 60 days from the date of settlement
- SA – when settlement
- WA – one month after the Notice of Assessment is issued.
Stamp Duty Calculator
If you're buying a home and want to know the specifics of your taxes, use our Stamp Duty Calculator to easily get a rough estimate of how much you'll pay for your Stamp Duty.
On average, Australians pay tens of thousands of dollars for Stamp Duty. In addition, you also have to pay a deposit (deposit), lawyer fees & some other costs when buying real estate in Australia.
Stamp Duty Percentage by State & Territory
Stamp Duty NSW
| Property value | Value of Stamp Duty payable |
| $0 – $14,000 | $1.25 per $100 (minimum $10) |
| $14,000 – $31,000 | $175 + $1.50 per $100 |
| $31,000 – $83,000 | $430 + $1.75 per $100 |
| $83,000 – $310,000 | $1,340 + $3.50 per $100 |
| $310,000 – $1,033,000 | $9,285 + $4.50 per $100 |
| Over $1,033,000 | $41,820 + $5.50 per $100 |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty Queensland
| Property value | Value of Stamp Duty payable |
| Under $5,000 | Nil |
| $5,000 – $75,000 | $1.50 per $100 |
| $75,000 – $540,000 | $1,050 + $3.50 per $100 |
| $540,000 – $1,000,000 | $17,325 + $4.50 per $100 |
| Over $1,000,000 | $38,025 + $5.75 per $100 |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty Victoria
| Property value | Value of Stamp Duty payable |
| Under $25,000 | 1.4% of property value |
| $25,000 – $130,000 | $350 + 2.4% of property value |
| $130,001 – $960,000 | $2,870 + 6% of property value |
| Over $960,001 | 5.5% dutiable value |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty ACT
| Property value | Value of Stamp Duty payable |
| Under $200,000 | $20 or $1.30 per $100 |
| $200,001 – $300,000 | $2,600 + $2.30 per $100 |
| $300,001 – $500,000 | $12,100 + $4.56 per $100 |
| $500,001 – $750,000 | $17,325 + $4.50 per $100 |
| $750,001 – $1,000,000 | $23,500 + $6.10 per $100 |
| $1,000,001 – $1,455,000 | $38,750 + $6.60 per $100 |
| Over $1,455,000 | $4.73 per $100 |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty Tasmania
| Property value | Value of Stamp Duty payable |
| Under $3,000 | $50 |
| $3,001 – $25,000 | $50 + 1.75% of property value |
| $25,001 – $75,000 | $435 + 2.25% of property value |
| $75,001 – $200,000 | $1,560 + 3.5% of property value |
| $200,001 – $375,000 | $5,935 + 4% of property value |
| $375,001 – $725,000 | $12,395 + 4.25% of property value |
| Over $725,000 | $27,810 + 4.5% of property value |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty South Australia
| Property value | Value of Stamp Duty payable |
| Under $12,000 | $1.00 per $100 |
| $12,000 – $30,000 | $120 + $2.00 per $100 |
| $30,000 – $50,000 | $480 + $3.00 per $100 |
| $50,000 – $100,000 | $1,080 + $3.50 per $100 |
| $100,000 – $200,000 | $2,830 + $4.00 per $100 |
| $200,000 – $250,000 | $6,830 + $4.25 per $100 |
| $250,000 – $300,000 | $8,955 + $4.75 per $100 |
| $300,000 – $500,000 | $11,330 + $5.00 per $100 |
| Trên $500,000 | $21,330 + $5.50 per $100 |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty Western Australia
| Property value | Value of Stamp Duty payable |
| Under $80,000 | $1.90 per $100 |
| $80,001 – $100,000 | $1,520 + 2.85% of property value |
| $100,001 – $250,000 | $2,090 + 3.8% of property value |
| $250,001 – $500,000 | $7,790 + 4.75% of property value |
| Trên $500,001 | $19,665 + 5.15% of property value |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
Stamp Duty Northern Territory
| Property value | Value of Stamp Duty payable |
| Under $525,000 | (0,06571441 x V) + 15V, while V = 1 / 1.000 of dutiable value |
| $525,001 – $3,000,000 | 4.95% of property value |
| $3,000,0001 – $5,000,000 | 5.75% of property value |
| Over $5,000,000 | 5.95% of property report |
Calculate Stamp Duty based on the area where you plan to buy your home & property value.
