How much stamp duty will I pay?
That depends on where you’re buying and whether you’re eligible for first home buyer stamp duty savings. Stamp duty is a state government charge so it varies from state to state. It’s usually based on the price paid for your home or land. Stamp duty for first home buyers can be a lot less than for upgraders and investors. Plus it can also go hand in hand with the first home buyer grant.
Use our stamp duty calculator below to know the cost of stamp duty on a house purchase in your state/territory.
To use the calculator, select the state you’re buying in. First Home Owner Grants differ from state to state, as do the regulations around stamp duty, so we’ve provided links to the individual state and territory regulatory bodies for further reading. If you’re in NSW, The NSW Government is proposing changes to Stamp Duty, so it’s important to learn about these changes and how they can affect you.
Stamp duty can be a big cost on top of a property purchase so factor this into your savings and mortgage repayments. To make sure you’re getting all the figures right, it’s best to discuss your finances with the home loans experts at Mortgage Choice.