Stamp Duty Calculator
Three things that can affect your stamp duty
Stamp duty is not the same for every property purchase. The estimate can change depending on where you buy, what you're buying and your individual circumstances.
Where you're buying
Stamp duty rules and rates vary between Australian states and territories.
The property
The purchase price, property type and how you intend to use it can affect the amount payable.
Your circumstances
Some buyers may be eligible for concessions or assistance depending on the rules that apply.
Estimate your upfront property costs
Enter the details of your proposed property purchase into the calculator below to get an estimate of the stamp duty and other costs that may apply.
The result is an estimate only. Actual costs can vary depending on the property, state or territory, available concessions and your circumstances.
What is stamp duty?
Stamp duty, also commonly referred to as transfer duty, is a tax that may apply when you purchase property.
For many buyers it can be a significant upfront cost, which is why it is worth estimating before you start narrowing down your property budget.
The calculator gives you a useful starting point, but the actual amount can depend on where you're buying, the property and any concessions or assistance you may be eligible for.
Stamp duty varies across Australia
There isn't one stamp duty rate that applies to every Australian property purchase. Each state and territory has its own rules, rates and eligibility requirements.
That means someone buying in Queensland may receive a different estimate from someone buying a similarly priced property in New South Wales, Victoria or another part of Australia.
That's why the property location matters. Use the calculator above with the details of the property you're considering rather than relying on a general percentage or estimate.
First home buyers may have different upfront costs
If you're a first home buyer, don't automatically assume the standard stamp duty estimate will be the final amount that applies to you.
Depending on where you're buying and the eligibility rules that apply, concessions or other assistance may affect the amount you need to budget for.
It is also worth looking beyond stamp duty. Your deposit, borrowing position and other purchasing costs all play a part in working out what you may realistically be able to buy.
Explore our First Home Buyers guide →Still working out your budget?
Knowing your upfront costs is one part of the equation. The other is understanding how much you may be able to borrow and what the repayments could look like.
Try the Borrowing Power Calculator to explore your potential borrowing position.
What else should you budget for when buying property?
Stamp duty can be one of the larger upfront expenses, but it isn't the only cost that may need to be factored into your buying budget.
Your deposit
The amount of your own money or available equity that goes towards the property purchase.
Legal and conveyancing
Costs associated with reviewing contracts, property searches and completing the transaction.
Property inspections
Building, pest or other inspections may be worth considering depending on the property you're purchasing.
Lending costs
Depending on your loan, lender and deposit, there may also be costs associated with arranging the finance.
Moving and setup costs
It can also be useful to leave room in your budget for moving, insurance and the practical costs that come with settling into a new property.
Use the number to plan your next step
Buying a property involves more than the purchase price
Martin can help you look at your deposit, borrowing position, potential loan options and the costs involved in buying, so you can get a clearer picture before making your next move.
Book a free call with Martin →