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
13 21 61
Queensland - Office of State Revenue
1300 300 734
Western Australia - Department of Treasury & Finance
(08) 9262 1400
South Australia - Revenue SA
(08) 8226 3750
Australian Capital Territory - Revenue Office
Northern Territory - Revenue Office
1300 305 353
Tasmania - State Revenue Office
(03) 6233 3100
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