Stamp Duty Calculator
How much stamp duty will I pay?
Stamp duty is a tax levied when you buy property. It can significantly add to the cost of buying your home, so to avoid any unwanted surprises at settlement time, always be sure to factor stamp duty into your budget.
How much stamp duty you’ll pay depends on which state you are buying in, the selling price and type of property, and whether you’ll be living in the property. By entering these details into our Stamp Duty Calculator, you can get a quick estimate of how much stamp duty you’ll need to pay for any property you are considering.
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Stamp Duty Calculator FAQs
Stamp Duty is calculated based on the value of the property being bought, not the size of the home loan being used to buy the property. The amount of Stamp Duty you pay will also depend on which state or territory the property is in and whether you are a first home buyer or not. There may also be different rates applicable to investment properties, vacant land, newly built homes and foreign buyers.
Each state has its own way of calculating stamp duty. You can find out more about Stamp Duty in 2019 here.
No vendors or sellers of property in Australia do not pay stamp duty, also known as land transfer duty. The buyer is liable for all the stamp duty payable.
Important Information to Note
The Stamp Duty Calculator calculates transfer duty, mortgage duty, mortgage registration and transfer fees for properties with an existing dwelling. Different rates of duty and fees may apply for vacant land and you should contact the OSR in your state or territory for the correct rates.
How much is Stamp duty? How is it calculated?
Stamp duty on real estate purchases, can also be known as Transfer of Land duty, and how much you pay is dependent on the state in which you buy the property, and of course, the value of the property. In Victoria, for property sales today, the rate of duty is charged on a sliding scale, from 1.4% of the purchase price for properties valued at $25,000 or less, to a capped rate of 5.5% for properties valued at more than $960,0001. Please note also that there may a range of exemptions and concessions you might be entitled depending on the nature of the transaction, the use of the property and/or your personal circumstances. These may alter the amount of stamp duty you are required to pay. These also vary from state to state so ensure you check with your state’s revenue office.
The results from this stamp duty calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. This stamp duty 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.