Stamp duty is a charge applied by state governments in Australia on the transfer of land titles of properties. Charges may vary depending on the purpose of the security purchased, whether it be for investment or for occupancy. Doing your due diligence and planning, SmartProperty Investment's Stamp Duty Calculator allows you to work out the tax so that you can include it in your future calculations and budgets.
Each state has a different scale of charges and systems in place for calculating the stamp duty of each property purchase.
However, there are discounts in place for first-home buyers and low-income earners, subject to different eligibility requirements such as:
- Applicants must be a person, not a company or trust
- Applicants must be a permanent resident or Australian citizen
- Applicants must be over 18 years of age
- No co-purchaser may have previously owned a residential property within Australia
- Must be a principal place of residence for a continuous period of six months
State or territory
The state or territory in which the property is located.
Value of the Property
The total value of the property, most often valued at the current market price or purchase price indicated in the property purchase agreement.
The total value of the loan applied for in a loan agreement.
Purpose of the Property
An indication whether or not the purpose of the property is for investment purposes or for residence and occupancy.
First Home Buyer
First Home Buyers have a First Home Owner Grant scheme applied for their first real property purchase, subject to various eligibility criteria.
Mortage Registration Fee
The charges a state government applies on the property for each registration of a home loan.
The charges a state government applies on the property for each transfer of the real property to new owners
Stamp Duty on Property
Total amount of taxes levied on each property purchase made, based on property price, location, and loan purpose.
The information provided by the stamp duty calculator is intended to provide examples based on stated assumptions and inputs entered and are meant as estimates. It is advised that you consult with your state revenue office to get an official quotation and estimation of the stamp duty to be paid.