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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 owners rate

First home buyers may qualify for the First Home Owners Rate (FHOR) which is a reduced rate for purchase of a home under $600,000. No duty is payable for homes under $500,000.
 
To be eligible for FHOR of duty, the unencumbered value of the vacant land must not exceed $400,000.  For land under $300,000 no duty is payable.
 
Calculate the amount of stamp duty payable by using the Stamp Duty calculator.
 
For more information on Transfer Duty visit the Office of State Revenue website.
 

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