PURCHASING A PROPERTY
Stamp duty is a government tax which applies to every property transaction in Australia. It is sometimes known as land tax or conveyance duty.
The amount you’ll have to pay is based on various factors, but as a rule of thumb is 3-6% of the property value.
Stamp duty taxes vary based on a number of factors, but is primarily calculated as a percentage of the property value. The percentage varies between states and territories so it’s important you take this into account when estimating your purchase.
The amount will also be influenced by other factors such as whether it is a primary or investment property and you are a first home owner. Factors that will be taken into account include:
- Your State or Territory
- The property value
- First home buyer status
- Principal or investment property
- Property type
- And more
If you are a first home owner, you may be eligible for stamp duty exemption, or a reduction in stamp duty fees. Learn More.
Stamp duty rates vary between states and territories. Select your location to visit a calulator.