Question 1

How much stamp duty do I pay in Australia?

Accepted Answer

Stamp duty in Australia is calculated on a progressive scale that varies by state. On a typical $750,000 home, an owner-occupier pays roughly $29,000 in NSW, $40,000 in VIC, $20,000 in QLD, and $29,500 in WA. First home buyers often pay little or nothing under state concession thresholds.

Question 2

Do first home buyers pay stamp duty?

Accepted Answer

First home buyers in most Australian states get either a full exemption or a partial concession on stamp duty. NSW exempts purchases under $800,000, VIC under $600,000, QLD under $700,000, and WA under $450,000. Above those thresholds, a sliding concession usually applies up to a second cap before full rates kick in.

Question 3

Is stamp duty the same for investors and owner-occupiers?

Accepted Answer

In most Australian states, investors pay the same base stamp duty as owner-occupiers. However, foreign investors and absentee owners face surcharge duty of around 7-8% in NSW and VIC. First home buyer concessions only apply to people who will live in the property as their principal place of residence.

Question 4

When do I have to pay stamp duty?

Accepted Answer

Stamp duty is generally payable within 30 days of settlement in most states (three months in NSW). Your conveyancer or solicitor usually handles the payment on your behalf at settlement, and the amount is added to your upfront purchase costs along with transfer fees and legal costs.

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