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Stamp Duty Concession

Transfer duty should be factored in when purchasing a residential property as it is payable on all residential property transactions. Duty applies to principal places of residence (i.e. owner-occupied homes), rental homes, holiday homes and land on which a residence is constructed within five years of purchase.

First Home Owner Rate of Duty

When a home buyer is eligible for the First Home Owner Grant, a concessional rate of transfer duty will apply if the value of the dutiable property is below certain thresholds.
 
As at 3 July 2014 the First Home Owner Rate of Duty applies to a dutiable transaction with a dutiable value of up to $530,000 for a house and land, or $400,000 for vacant land.
 
Calculate the amount of duty payable by using the Duty calculator.
 
For more information on Transfer Duty visit the Office of State Revenue website.
 

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