Stamp Duty - General Rate and Threshold- from 1 July 2022
| Property Value |
Duty Payable: Owner Occupier |
| up to $260,000 |
$0.60 per $100 or part thereof, whichever is greater |
| $260,001 to $300,000 |
$1,560 plus $2.20 per $100 or part thereof by which the value exceeds $260,000 |
| $300,001 to $500,000 |
$2,440 plus $3.40 per $100 or part thereof by which the value exceeds $300,000 |
| $500,001 to $750,000 |
$9,240 plus $4.32 per $100 or part thereof by which the value exceeds $500,000 |
| $750,001 to $1,000,000 |
$20,040 plus $5.90 per $100 or part thereof by which the value exceeds $750,000 |
| $1,000,001 to $1,455,000 |
$34,790 plus $6.40 per $100 or part thereof by which the value exceeds $1,000,000 |
| $1,455,001 and over |
A flat rate of $4.54 per $100 applied to the total transaction value |
| Property Value |
Duty Payable: Non-Owner Occupier |
| up to $200,000 |
$1.20 per $100 or part thereof, whichever is greater |
| $200,001 to $300,000 |
$2,400 plus $2.20 per $100 or part thereof by which the value exceeds $200,000 |
| $300,001 to $500,000 |
$4,600 plus $3.40 per $100 or part thereof by which the value exceeds $300,000 |
| $500,001 to $750,000 |
$11,400 plus $4.32 per $100 or part thereof by which the value exceeds $500,000 |
| $750,001 to $1,000,000 |
$22,200 plus $5.90 per $100 or part thereof by which the value exceeds $750,000 |
| $1,000,001 to $1,455,000 |
$36,950 plus $6.40 per $100 or part thereof by which the value exceeds $1,000,000 |
| $1,455,001 and over |
A flat rate of $4.54 per $100 applied to the total transaction value |
First Home Owner Grant:
After 1 July 2019, the First Home Owner Grant (FHOG) no longer exists, the FHOG was replaced by the new Home Buyer Concession Scheme, which provides a full duty concession for eligible buyers.
Stamp Duty - Home buyer concessions
From 1 July 2021, the eligible home buyers in the ACT will pay no duty if the property value is no more than $1,000,000. The buyers including their partners (if any) must not have owned any other property in the last two years. From 1 July 2022, the maximum concession amount is $34,790
Income threshold amount
To be eligible for a duty concession, the income test must be satisfied. The combined total income of all applicants and their domestic partner/s over the 1 year period prior to the date of the grant, transfer or agreement for transfer (whichever is first) must be less than or equal to the relevant income threshold as follows from 1 july 2022:
| Number of dependent Children |
Income Threshold |
| 0 |
$170,000 |
| 1 |
$173,330 |
| 2 |
$176,660 |
| 3 |
$179,990 |
| 4 |
$183,320 |
| 5 or more |
$186,650 |
Stamp Duty - Pensioner duty concession from 1 July 2022
Eligible property (residential home)
| Dutiable value |
Concessional duty payable |
| $550,000 or less |
$0 |
| more than $550,000 but less than $765,000 |
$9.70 for every $100, or part of $100, by which the dutiable value exceeds $550,000
|
| $765,000 or more |
No concession |
Eligible vacant block (land)
| Dutiable value |
Concessional duty payable |
| $373,000 or less |
$0 |
| more than $373,000 but less than $450,000 |
$9.75 for every $100, or part of $100, by which the dutiable value exceeds $373,000
|
| $450,000 or more |
No concession |
Mortgage Registration Fee 1 July 2022 -2023: $160.00
Land Transfer Fee: $429
New South Wales
Stamp Duty - General Rate 1 July 2022
| Dutiable Value |
Duty Threshold |
| $0 - $15,000 |
$1.25 for every $100 or part of the dutiable
value |
| $15,000 - $32,000 |
$187 plus $1.50 for every $100 or part , by
which the dutiable value exceeds $15,000 |
| $32,000 - $87,000 |
$442 plus $1.75 for every $100 or part, by
which the dutiable value exceeds $32,000 |
| $87,000 - $327,000 |
$1,405 plus $3.50 for every $100 or part,
by which the dutiable value exceeds $87,000 |
| $327,000 - $1,089,000 |
$9,805 plus $4.50 for every $100 or part, by
which the dutiable value exceeds $327,000 |
| $1,089,000 - $3,268,000 |
$44,095 plus $5.50 for every $100 or part,
by which the dutiable value exceeds $1,089,000 |
| over $3,268,000 |
$163,940 plus $7.00 for every $100, or part, by which the dutiable value exceeds $3,268,000. |
Stamp Duty - Foreign Purchaser:
The current foreign purchaser duty rate is 8 per cent.
Stamp Duty - First Home Buyers Assistance after 1 July 2022 :
If buy a new home, first home buyers will not have to pay duty for properties up to $650,000. The duty will be reduced for amounts between $650,000 and $800,000.
If buy an established home, first home buyers will not have to pay duty for properties up to $650,000. The duty will be reduced for amounts between $650,000 and $800,000.
if buy a vacant block of residential land, first home buyers will pay no duty on vacant land valued up to $350,000, and will receive concessions on duty for vacant land valued between $350,000 and $450,000.
To calculate the First Home Buyers Assistance concession on a new home between $650,000 and $800,000, multiply the purchase price by 0.2072667 and subtract $134,723.
To calculate the First Home Buyers Assistance concession on an established home between $650,000 and $800,000, multiply the purchase price by 0.2072667 and subtract $134,723.
To calculate concession on land between $350,000 and $450,000, multiply the purchase price by 0.1534000 and subtract $53,690
NSW Property Tax - First Home Buyers from 16 Jan 2023 :
In 2022 NSW introduced First Home Buyer Choice scheme to allow first home buyers to choose to pay a lump sum stamp duty or pay annual NSW Property Tax. The property tax is calculated as $400 + 0.3% of land value for owner-occupied home or $1,500 + 1.1% of land value for investment home.
For a new or established home, the cap is $1,500,00 and for a vacant land to build a first residence home, the cap is $800,000.
First Home Owner Grant (New Homes) For a newly built house, townhouse, apartment, unit or similar the purchase price must not exceed $600,000.
If purchase vacant land and sign a building contract with a builder, the total combined cost of land price and construction cost must not exceed $750,000.
Mortgage Registration Fee from 1 July 2022: $154.20
Land Transfer Fee: $154.20.
Northern Territory
Stamp Duty - General Rate
Duty is calculated on the purchase price or
unencumbered value of the dutiable property, whichever is the greater, as
follows: - Where the dutiable value does not exceed $525,000 in accordance with the follow formula:
D = (0.06571441 x V2 ) + 15V
Where
D = the duty payable in $
and
V = the dutiable value
1000
From 1 July 2017, where the dutiable value exceeds $525,000, but is less than $3 million - 4.95 per cent of that amount.
From 1 July 2017, where the dutiable value is $3 million or more - 5.75 per cent of that amount.
From 1 July 2017, where the dutiable value is $5 million or more - 5.95 per cent of that amount.
Territory Home Owner Discount (THOD)
The THOD will no longer be available after 1 July 2021.
Stamp Duty - Senior, Pensioner and Carer Concession
The SPCC is no longer available after 1 July 2021.
Mortgage Registration Fee: $156.00 from 1 July 2022
Land Transfer Fee: $156.00
First Home Owner Grant: From 7 May 2019, the FHOG reduced to $10,000 from $26,000.
BuildBonus Grant: : The BuildBonus grant closed on 14 April 2021.
Queensland
Stamp Duty - General Rate (from 21 September 2012)
| Dutiable Value |
Duty Threshold |
| Up to $5,000 |
Nil |
| $5,000 to $75,000 |
$1.50 for each $100, or part of $100, by which
the dutiable value is more than $5,000 |
| $75,000 to $540,000 |
$1,050 plus $3.50 for each $100, or part of $100, by
which the dutiable value is more than $75,000 |
| $540,000 to $1,000,000 |
$17,325 plus $4.50 for each $100, or part of $100, by
which the dutiable value is more than $540,000 |
| More than $1,000,000 |
$38,025 plus $5.75 for each $100, or part of
$100, by which the dutiable value is more than $1,000,000 |
Stamp Duty - Foreign Purchaser:
From 1 July 2018, QLD increases its additional foreigner acquirer duty rate from 3% to 7%.
Stamp Duty - Home Concession Rates (After 1 July 2012)
| Dutiable Value |
Duty Threshold |
| Up to $350,000 |
$1.00 for each $100 or part of $100 |
| $350,001 to $540,000 |
$3,500 + $3.50 for every $100 or part of
$100 over $350,000 |
| $540,001 to $1,000,000 |
$10,150 + $4.50 for every $100 or part of
$100 over $540,000 |
| More than $1,000,000 |
$30,850 + $5.75 for every $100 or part of
$100 over $1,000,000 |
Stamp Duty - First Home Concession Rate (After 1 July 2012)
| Dutiable Value |
Duty Threshold |
| Up to $505,000 |
$8,750 |
| $505,000 to $509,999.99 |
$7,875 |
| $510,000 to $514,999.99 |
$7,000 |
| $515,000 to $519,999.99 |
$6,125 |
| $520,000 to $524,999.99 |
$5,250 |
| $525,000 to $529,999.99 |
$4,375 |
| $530,000 to $534,999.99 |
$3,500 |
| $535,000 to $539,999.99 |
$2,625 |
| $540,000 to $544,999.99 |
$1,750 |
| $545,000 to $549,999.99 |
$875 |
| $550,000 or more |
Nil |
Stamp Duty - First Home Vacant Land Concession rate (After 1 July 2012)
| Dutiable Value |
Duty Threshold |
| Up to $250,000 |
100% of transfer duty |
| $250,000 to $259,999.99 |
$7,175 |
| $260,000–$269,999.99 |
$6,700 |
| $270,000–$279,999.99 |
$6,225 |
| $280,000–$289,999.99 |
$5,750 |
| $290,000–$299,999.99 |
$5,275 |
| $300,000–$309,999.99 |
$4,800 |
| $310,000–$319,999.99 |
$4,325 |
| $320,000–$329,999.99 |
$3,850 |
| $330,000–$339,999.99 |
$3,375 |
| $340,000–$349,999.99 |
$2,900 |
| $350,000–$359,999.99 |
$2,425 |
| $360,000–$369,999.99 |
$1,950 |
| $370,000–$379,999.99 |
$1,475 |
| $380,000–$389,999.99 |
$1,000 |
| $390,000–$399,999.99 |
$525 |
| $400,000 or more |
No concession |
Mortgage Registration Fee after 1 July 2022: $208.83.
Land Transfer Fee: $208.83 + additional fee for lodging a transfer if the consideration is more than $180,000 - $39.22 for each $10,000 or part of $10,000 more than $180,000
First Home Owner Grant: For new home, the grant is $15,000. The cap is $750,000
Stamp Duty - Foreign Purchaser: Current surcharge is 7%.
Tasmania
Stamp Duty - General Rate
| Dutiable Value |
Duty Threshold |
| $0 - $3,000 |
$50 |
| $3,000 - $25,000 |
$50 plus $1.75 for every $100, or part, of the dutiable value exceeds $3,000 |
| $25,000 - $75,000 |
$435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000 |
| $75,000 - $200,000 |
$1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000 |
| $200,000 - $375,000 |
$5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000 |
| $375,000 - $725,000 |
$12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375,000 |
| Over $725,000 |
$27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725,000 |
If you purchase the vacant land, the stamp duty is levied on both land value and building cost rather than land element only
Stamp Duty - Foreign Purchaser:
After 1 April 2020, a 8% surcharge rate applies:
Stamp Duty - First Home Owner Concessional Rate: From 1 January 2022 TAS provides a 50 per cent concession on property transfer duty for first home buyers of established homes with a property value of $600 000 or lower.
Stamp Duty - Pensioner Concessional Rate:From 1 January 2022 the concession provides a 50 per cent discount on property transfer duty for eligible pensioners who sell their existing home and downsize by buying another home. The new property must have a dutiable value of $600,000 or less and less than that of the former home.
First Home Owner Grant:
The Government has announced the grant increased to $30,000, backdated to 1 April 2021.
Mortgage Registration Fee after 1 July 2022: $145.35
Land Transfer Fee: $222.70
Victoria
Stamp Duty - Non Principal place of Residence Rate
For the purchase of any other property (i.e. not Principal place of residence) for contracts entered into on or after 6 May 2008.
| Dutiable Value |
Duty Threshold |
| $0 - $25,000 |
1.4 per cent of the dutiable value of the property |
| > $25,000 - $130,000 |
$350 plus 2.4 per cent of the dutiable value in excess
of $25,000 |
| > $130,000 - $960,000 |
$2,870 plus 6 per cent of the dutiable value in excess
of $130,000 |
| More than $960,000 |
5.5 per cent of the dutiable value |
Premium Stamp Duty:
From 1 July 2021, the duty payable will increase to $110,000 plus 6.5% of the dutiable value of more than $2 million.
Stamp Duty - Foreign Purchaser:
After 1 July 2019 the foreigner buyer duty surcharge increases to 8% from 7%.
Stamp Duty - Principal Place of Residence (PPR) Rate
For the purchase of a home (which will be used as Principal place of residence) for contracts entered into on or after 6 May 2008.
| Dutiable Value |
Duty Threshold |
| $0 - $130,000 |
The Principal place of residence (PPR) concessional rate
does not apply. |
| > $130,000 - $440,000 |
$2,870 plus 5 per cent of the dutiable value in excess of $130,000 |
| > $440,000 - $550,000 |
$18,370 plus 6 per cent of the dutiable value in excess of $440,000 |
| More than $550,000 |
The Principal place of residence (PPR) concessional rate
does not apply. |
Stamp Duty - First Home Buyer Concession after 1 July 2017
VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.
If a first home buyer purchases vacant land to build a new home to be their principal place of residence, the home must be built within 12 months for the FHB concessions to apply (choose "Yes" for the Option "Are you first home buyer"). If the buyer takes more than 12 months to build the home, they are not eligible for the First Home Buyer Concession (choose "No" for the Option "Are you first home buyer").
Mortgage Registration Fee 2022 - 2023:
(a) Paper Transaction: $123.50 (b) Electronic Transaction: $114.40
Land Transfer Fee:
(a) Paper Transaction Fee: the sum of $101.70 plus $2.34 for every whole consideration, the maximum fee is $3,612.00
(b) Electronic Transaction Fee: the sum of $92.40 plus $2.34 for every whole consideration, the maximum fee is $3,603.00
First Home Owner Grant: $10,000 if property valued up to $750,000.