Stamp Duty Calculator | Your Australia mortgage

When buying a home or investment property, there are a number of costs that can surprise buyers. This is especially true for first-time home buyers who might still be familiar with how the entire buying process works.

While there are a few costs that can be factored into your home loan, there are others that need to be paid up front and within a certain timeframe – this includes the stamp duty for residential property that you bought.

Stamp duty is the mandatory tax that you will pay on any property purchase. Its cost depends on a number of factors including where you live and what type of buyer you are. This calculator covers all of these factors, so you can see if you will need to pay stamp duty.

It is important to note that the amount of stamp duty payable is subject to a few different calculations, and the total cost is influenced by the state or territory in which you are purchasing, the value or the purchase price of the property. , and whether it will be your main place of residence or as an investment.

Stamp duty can often be a substantial amount that you have to pay – an amount to budget for from the start. Let’s break down what you actually pay in stamp duty.

What is stamp duty?

Stamp duty, also known as transfer duty, is a mandatory tax that each state or territory government levies on new home buyers when they purchase a property and which covers the cost of transferring title. legal property from one owner to another. Payment is due by a certain date which may depend on the state or territory in which the property is located or purchased.

How to calculate the stamp duty?

Stamp duty may vary depending on the state or territory in which you are purchasing the property. Each region has its own sliding scale, which is subject to its own calculations.

The general rule is that the more expensive the property, the less tax you will have to pay.

Ultimately, the cost of stamp duty is determined by the customs value of your property, which is the price you paid for it, or its market value at the time of purchase.

What factors affect the cost of stamp duty?

Besides the location of the property and its customs value, there are a few other factors that determine the cost of the stamp duty.

One factor that can affect the cost of fees payable is the purpose of the property, i.e. whether it is purchased for living or as an investment. Typically, owner-occupied homes will have lower stamp duty and investment property will have a higher stamp duty.

There are some derogations and concession which may apply when paying stamp duty.

If the property is returned to a family member following death or divorce, the new owner will not be required to pay the stamp duty.

As part of first-time homeowner programs and grants, some states and territories exempt first-time homebuyers from paying stamp duty on properties up to a certain value.

Reduced rates are also available for retirees, caregivers and farmers. However, these are all subject to the different laws of each state and territory. Your residency status plays an important role, especially if you are a foreign buyer.

There are also concession rates available for properties purchased off plan, as the value of the property is calculated on the value of the land.

Do you understand all the factors? Ask an expert here

How do you pay the stamp duty?

Stamp duty is generally paid at the time of payment. New owners are required to pay their stamp duty directly to the relevant tax authority. You can find out more by visiting the website for your affected state or territory:

For more information on how stamp duty is applied in your state, it is advisable to hire an expert. This could be a mortgage broker, lawyer, or transfer agent who operates in the state in which you are buying.

How accurate is this stamp duty calculator?

Your mortgage stamp duty calculator takes into account the property’s customs value, the state or territory in which it is purchased, and the type of property.

The data comes directly from the public revenue office of the state or territory concerned to ensure the most accurate figures.

However, the calculations should only be used as a guide. There are a number of other factors that can determine the costs of stamp duty. The laws and fees surrounding stamp duty are also open to legislative change by state and territory governments.

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