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Keeping You Informed, Every Step Of The Way

Understanding stamp duty when buying a property

In NSW Stamp Duty is only payable on the contract when purchasing a property of any kind (Stamp Duty on mortgages has been abolished by the NSW Government).

The Stamp Duty payable on the contract is calculated on the "dutiable value" of the property, being the higher of:

(a) the purchase price, and

(b) the current market value of the property.

The purchaser is responsible for paying the Stamp Duty on the Contract.

Stamp Duty must be paid before settlement if you are obtaining finance for the purchase, and in all other respects within 3 months of the date of the contract ('exchange') to avoid the interest penalty.
 

Click here to calculate Stamp Duty on your property purchase in NSW.

For more information regarding Stamp Duty in NSW, visit the Office of State Revenues.

Stamp Duty on the contract varies from state to state in Australia.

If you are purchasing a property in a state other than NSW, you can find more details by visiting the applicable department from the list below:

Victoria - State Revenue Office
www.sro.vic.gov.au
13 21 61


Queensland - Office of State Revenue
www.osr.qld.gov.au
1300 300 734


Western Australia - Department of Treasury & Finance
www.dtf.wa.gov.au
(08) 9262 1400


South Australia - Revenue SA
www.RevenueSA.sa.gov.au
(08) 8226 3750


Australian Capital Territory - Revenue Office
www.revenue.act.gov.au
6207 0028


Northern Territory - Revenue Office
www.revenue.nt.gov.au
1300 305 353


Tasmania - State Revenue Office
www.sro.tas.gov.au
(03) 6233 3100

 

Keeping You Informed, Every Step Of The Way