Stamp Duty

What is stamp duty?

Stamp duty, also known as transfer duty or conveyance duty, is a tax that is payable on certain written documents and transactions. It is imposed by state and territory governments in Australia.

When you buy a property generally you must pay stamp duty – which is like a transfer duty that is payable to the government. The amount you will pay is based on the property purchase price, location and purpose. Different states and territories charge different rates.

On Own my Own Home we’ve automatically calculated your stamp duty. Calculations are based on current regulations, please be aware that these may change in the future. We will keep monitoring and updating stamp duty rates and alert you through the app when there are changes that directly affect your total purchase cost. Our goal is to keep you on track with your property purchase plan.

Below we detail the different rates of stamp duty on real estate purchases for each state and we explain how it is calculated. You can get more information about how stamp duty works on the websites of the various revenue offices for each state and territory governments.

Australian Capital Territory

 

From 1st July 2019 these are the different duty rates for non-commercial transfers (this includes residential properties or investment properties). 

As of 1st July 2019 the territory government implemented a Home Buyer Concession Scheme that exempts all eligible buyers of paying stamp duty.

ThresholdDuty rate Payable
up to $200,000$20 or $1.20 per $100 or part thereof, whichever is greater
$200,001 to $300,000$2,400 plus $2.20 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$4,600 plus $3.40 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$11,400 plus $4.32 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$22,200 plus $5.90 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,455,000$36,950 plus $6.40 per $100 or part thereof by which the value exceeds $1,000,000
Over $1,455,000A flat rate of $4.54 per $100 applied to the total transaction value

For properties that will be used whole or partially for commercial purposes (retails, offices, restaurants, hotels, etc) different commercial duty rates will apply. For more information visit ACT Revenue Office website

New South Wales

 

In New South Wales you pay a standard duty rate as well as a premium duty rate for residential properties worth more than $3.101 million. From 1st July 2019 these are the different duty rates. Transfer duty thresholds are indexed annually since 1st July 2019.

First home buyers may be eligible for First Home Buyers Assistance Scheme.

ThresholdDuty rate payable
up to $14,000$1.25 for every $100 or part of the dutiable value 
$14,001 to $31,000$175 plus $1.50 for every $100 or part , by which the dutiable value exceeds $14,000
$31,001 to $83,000$430 plus $1.75 for every $100 or part, by which the dutiable value exceeds $31,000
$83,001 to $310,000$1,340 plus $3.50 for every $100 or part, by which the dutiable value exceeds $83,000
$310,001 to $1,033,000$9,285 plus $4.50 for every $100 or part, by which the dutiable value exceeds $310,000
over $1,033,000$41,820 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,033,000
over $3,101,000$155,560 plus $7.00 for every $100, or part, by which the dutiable value exceeds $3,101,000.

For more information visit NSW Revenue Office website

Northern Territory

 

In Northern Territory stamp duty is a little bit more complicated. If the value of the property you purchase does not exceed $525,000 the duty payable is calculated using the following formula:

Duty payable = (0.06571441 x (Property value/1,000)2) + 15 x (Property value/1,000)

For property values over $525,000 the following rates are applied:

ThresholdDuty rate Payable
$525,001 to $3,000,0004.95% of the dutiable value
$3,000,001 to $5,000,0005.75% of the dutiable value
Over $5,000,0005.95% of the dutiable value

Home buyers may be eligible to a stamp duty discount under the Territory Home Owner Discount scheme.

For more information visit NT Treasury Office website

Queensland

 

There are two types of stamp duty rates in Queensland depending on the purpose of the property. For transfers of commercial or investment property, standard duty rates apply. For property that will be used as your home, reduced home concession duty rates will apply.

Additionally first home buyers may be eligible to a further First Home Concession discount.

Home concession stamp duty rates

ThresholdDuty rate Payable
Up to $350,000$1.00 for each $100 or part of $100
$350,001 to $540,000$3,500 + $3.50 for every $100 or part of $100 over $350,000
$540,001 to $1,000,000$10,150 + $4.50 for every $100 or part of $100 over $540,000
Over $1,000,000$30,850 + $5.75 for every $100 or part of $100 over $1,000,000

Standard stamp duty rates

ThresholdDuty rate Payable
Up to $5,000 Nil
$5,000 to $75,000 $1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000
$75,000  to $540,000$1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000 
$540,000 to $1,000,000 $17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000
Over $1,000,000 $38,025 plus $5.75 for each $100, or part of $100, by which the dutiable value is more than $1,000,000

For more information visit QLD Government website

South Australia

 

In South Australia the stamp duty rates are as follows:

ThresholdDuty rate Payable
Up to $12,000$1.00 for every $100 or part of $100
$12,001 to $30,000$120 plus $2.00 for every $100 or part of $100 over $12,000
$30,001 to $50,000$480 plus $3.00 for every $100 or part of $100 over $30,000
$50,001 to $100,000$1,080 plus $3.50 for every $100 or part of $100 over $50,000
$100,001 to $200,000$2,830 plus $4.00 for every $100 or part of $100 over $100,000
$200,001 to $250,000$6,830 plus $4.25 for every $100 or part of $100 over $200,000
$250,001 to $300,000$8,955 plus $4.75 for every $100 or part of $100 over $250,000
$300,001 to $500,000$11,330 plus $5.00 for every $100 or part of $100 over $300,000
Over $500,000 $21,330 plus $5.50 for every $100 or part of $100 over $500,000

For more information visit SA Revenue Office website

Tasmania

 

In Tasmania stamp duty rates for residential or investment property purchases are as follows:

ThresholdDuty rate Payable
up to $3,000 $50 
$3,001 to $25,000 $50 plus $1.75 for every $100, or part, of the dutiable value exceeds $3,000
$25,001 to $75,000 $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000 
$75,001 to $200,000 $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000 
$200,001 to $375,000 $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000 
$375,001 to $725,000 $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375,000 
Over $725,000 $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725,000

Additionally if you are buying a home you may be eligible for a 50% discount on stamp duty, see Duty Concession for First Home Buyers of Established Homes.

For more information visit TAS SRO website

Victoria

 

There are two types of stamp duty rates in Victoria depending on the purpose of the property. For transfers of commercial or investment property general duty rates apply. For property that will be used as your principal place of residence, principal place of residence duty rates will apply.

If you are a first home buyer you may be eligible to a discount or exemption of stamp duty, check First Home Buyer Duty Exemption or Concession.

Principal Place of Residence stamp duty rates

ThresholdDuty rate Payable
up to $130,000General Stamp duty rates apply
$130,001 to $440,000$2,870 plus 5 per cent of the dutiable value in excess of $130,000
$440,001 to $550,000$18,370 plus 6 per cent of the dutiable value in excess of $440,000
Over $550,000General Stamp duty rates apply

General stamp duty rates

ThresholdDuty rate Payable
up to $25,0001.4 per cent of the dutiable value of the property
$25,001 to $130,000$350 plus 2.4 per cent of the dutiable value in excess of $25,000
$130,001 to $960,000$2,870 plus 6 per cent of the dutiable value in excess of $130,000
Over $960,0005.5 per cent of the dutiable value

For more information visit VIC SRO website

Western Australia

 

Residential duty rates apply for both purchases of residential and investment property in Western Australia. There is also a general duty rate but it applies only to commercial property, rural property that is not also used as residential property, and vacant land which does not qualify for the residential rate.

If you are a first home buyer you may be eligible to a discount or exemption of stamp duty, check First Home Owner Rate of Duty.

Residential duty rates in Western Australia

ThresholdDuty rate Payable
up to $120,000 $1.90 Per $100 or part thereof 
$120,001 to $150,000 $  2,280 + $2.85 Per $100 or part thereof above $120,000
$150,001 to $360,000 $  3,135 + $3.80 Per $100 or part thereof above $150,000
$360,001 to $725,000 $11,115 + $4.75 Per $100 or part thereof above $360,000
Over $725,000$28,453 + $5.15 Per $100 or part thereof above $725,000

For more information visit WA Finance Office website.

This page was last updated on 19 September 2020.