Use our stamp duty calculator to find out how much you need to set aside for stamp duty and what the requirements are in your state or territory.
How Much Will Stamp Duty Cost?
When purchasing property, you need to set aside additional funds to cover stamp duty costs in addition to your genuine savings requirements. Find out the stamp duty requirements in your state or territory using the stamp duty calculator. First home buyers may be eligible for stamp duty concessions. To find out if you’re eligible for any discounts on your stamp duty, give us a call.
How to use it: click Launch Calculator below, enter your details to see your estimate, then change the figures to compare different scenarios.
Stamp Duty Calculator
Allows you to see the stamp duty applicable to your property purchase
How to Use the Stamp Duty Calculator
The calculator above covers each Australian state and territory. First, choose the state where the property is and enter the purchase price. Then select whether you are a first home buyer, whether you will live in the property or rent it out, and the type of property. The stamp duty calculator then estimates the duty payable.
Stamp duty rules differ by state, so the same price can attract very different duty in NSW, Victoria or Queensland. Always confirm the final amount with your state revenue office or conveyancer.
How NSW Transfer Duty Works
In NSW, stamp duty on a property purchase is called transfer duty. Buyers generally must pay it, and it rises with the price. Revenue NSW publishes the current thresholds and rates, plus payment rules, on its transfer duty page.
NSW First Home Buyer Exemptions and Concessions
Under the NSW First Home Buyers Assistance Scheme, eligible first home buyers can pay less duty, or none at all. According to Revenue NSW, for contracts exchanged on or after 1 July 2023:
- New or existing homes valued at $800,000 or less: full exemption from transfer duty.
- Homes valued above $800,000 and less than $1,000,000: a concessional (reduced) rate.
- Vacant land to build a home on, valued at $350,000 or less: full exemption.
- Vacant land valued above $350,000 and less than $450,000: a concessional rate.
Conditions apply. For example, at least one buyer must be an Australian citizen or permanent resident, and for a home you must move in within 12 months of settlement and then live there for at least 12 continuous months.
Worked Example: Same Street, Different Duty
For illustration only, not a current rate. Hypothetical scenarios:
- A first home buyer paying $780,000 for a NSW home to live in: if eligible, no transfer duty.
- A first home buyer paying $950,000 for a home to live in: a concessional rate applies, so duty is reduced but not zero.
- An investor paying $780,000 for the same home: full transfer duty applies.
Enter each scenario into the calculator to see the difference. The gap can be substantial.
Other Upfront Costs to Budget For
Stamp duty is often the largest upfront cost after your deposit, but it is not the only one. Also allow for:
- conveyancing or legal fees
- building and pest inspections
- government fees to register the transfer and your mortgage
- lenders mortgage insurance (LMI) if your deposit is under 20%, unless you use a scheme such as the Australian Government 5% Deposit Scheme (formerly the First Home Guarantee)
- loan fees, moving costs, and council and water rate adjustments at settlement
Our guide to how much deposit you actually need walks through these costs, and Moneysmart’s page on buying a house has a helpful checklist.
Limitations of the Calculator
The calculator gives an estimate based on the rules built into it, and those rules can lag behind recent government changes. It cannot confirm your eligibility for any scheme. It may not cover every situation, such as surcharge duty for foreign buyers or off-the-plan purchases.
Related Guides and Tools
Ingram Financial is a mortgage and finance broker based in Bangor, NSW. We help borrowers across the Sutherland Shire, and we also work with clients right around Australia by phone and video.
Stamp Duty Calculator FAQs
According to Revenue NSW, eligible first home buyers pay no transfer duty on homes valued up to $800,000, and a concessional rate on homes above $800,000 and below $1,000,000. Conditions apply, including living in the home.
Yes. Choose the state or territory where the property is, because each one has its own rates, thresholds and concessions.
Stamp duty usually comes from your own savings, which is why it affects how much deposit you need. In some cases the loan can cover part of your costs if the loan-to-value ratio allows, so it is worth asking us.
Plan Your Upfront Costs With a Broker
Book a free chat and we will help you estimate your upfront costs, check scheme eligibility and compare loans.
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Lending criteria, fees and charges apply. Consider whether it is appropriate for you and speak to us for advice specific to your situation. Eligibility criteria apply to government schemes.
Need Some Help?
Not sure where to start? That’s exactly what we’re here for. Drop us a message and we will get back to you within one business day with clear, honest advice tailored to your situation.