How stamp duty works
Stamp duty (also called transfer duty) is a state tax payable when you buy property. Each state/territory sets its own rates, thresholds and concessions. Eligibility often depends on price, buyer type (first‑home buyer, investor), and whether it’s a new or established home.
- Dutiable value: usually the higher of the purchase price and market value.
- When it’s due: typically within days to months of settlement depending on the state.
- Common concessions: first‑home buyer relief, principal place of residence, off‑the‑plan rules, pensioner concessions, and foreign purchaser surcharges.
Worked example (illustrative)
Suppose a buyer purchases an established home for $750,000. Duty is calculated by applying each state’s brackets/thresholds to the dutiable value. Many states also offer relief for eligible first‑home buyers below certain price caps. Always confirm using the official calculator for your state.
Tip: Add estimated duty to your upfront costs (deposit, legal, inspections) when planning affordability.
What you’ll find here
- Clear, practical explainers for each state
- Worked examples to make the maths tangible
- Links to official state revenue guidance and calculators
Official state resources
Quick links by state
Educational information only. Always check the latest rules on state revenue websites.