Common questions
What is stamp duty in Australia?
Stamp duty, also known as transfer duty, is a tax imposed by Australian state and territory governments on certain transactions, most commonly the purchase of property (real estate). The amount varies significantly between states and territories.
How is stamp duty calculated?
Stamp duty is typically calculated based on the property's value (either the purchase price or market value, whichever is higher), the property type (for example, principal place of residence or investment), and whether the buyer is eligible for any concessions or exemptions (like first home buyer grants). Rates are often tiered, and they are set by each state and territory rather than nationally.
Are there exemptions or concessions for stamp duty?
Yes, most states and territories offer stamp duty exemptions or concessions, particularly for first home buyers. Eligibility criteria and the extent of the concession vary by jurisdiction and often depend on the property value and type.
How do I use this Stamp Duty Calculator?
Enter the property value, select the state or territory where the property is located, and choose the property type (owner-occupier, investment property or first home buyer). The calculator will then provide an estimated stamp duty payable. Note that this is an estimate and professional advice should be sought for exact figures.