Stamp Duty is a State Government tax payable on various dutiable transactions, including the transfer of property. Stamp Duty is calculated at a rate per $1,000 on both your new home and your loan, however the rates vary depending on the State or Territory.
As an incentive for first home buyers, most Australian States and Territories offer stamp duty concessions to those purchasing their first property. For properties and vacant land under a designated maximum, you may be exempt from paying stamp duty or be eligible for a stamp duty discount.
To find out more about stamp duty exemptions and rebates in your State or Territory, see these useful contact numbers.
Use our handy Stamp Duty Calculator to determine how much stamp duty you will pay.