Calculate your Stamp Duty



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Home loan comparison

Lender

Variable
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loans.com.au – Variable Home Loan (LVR < 90%)

    Variable
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    HSBC – Home Value Home Loan (Principal and Interest) (LVR < 80%)

      Fixed
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      Newcastle Permanent – Fixed Rate Home Loan (Principal and Interest) 1 Year

        Variable
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        Beyond Bank – Purple Basic Variable Home Loan (New Customer) (LVR 60%-80%)

          Variable
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          Athena – Straight Up Owner Occupied - Celebrate (LVR 50%-60%) (Principal and Interest)

            Fixed
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            IMB Bank – Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR ≤ 80%)

              Variable
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              Liberty Financial – Liberty Low Rate Home Loan (LVR < 95%)

                Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of July 25, 2024. View disclaimer.

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                Stamp Duty Calculator Assumptions:

                The results from this calculator should be used as an indication only. It is provided for illustrative purposes only, based on the information provided, and provides an estimate of the government fees payable. Stamp duty rates are subject to change.

                What is Stamp Duty?

                Stamp duty, sometimes referred to as land transfer duty, is a tax you pay when you purchase a property. This includes both buildings and land and is paid in every Australian state, with some states charging more than others.

                Rules on paying stamp duty may also differ. Some states require you to pay stamp duty no later than three months after settlement of the property, while others are just 30 days.

                How is Stamp Duty Calculated?

                Put simply, stamp duty is calculated based on the value of the home or property being purchased, rather than the loan amount. However, as mentioned above, stamp duty fees vary between each state. Each state has its own formula to calculate their stamp duty tax.

                In general, the lower the value of the property, the less you’ll have to pay for stamp duty.

                While it may be difficult to find an exact formula to manually calculate your stamp duty, below is a rough guide on how much stamp duty may cost on a $500,000 residential home from different states in Australia:

                Note: stamp duty costs in this table are only indicative and may differ.

                State Home Value Estimated Stamp Duty Cost
                ACT $500,000 $11,400
                NSW $500,000 $17,990
                NT $500,000 $23,928
                TAS $500,000 $18,247
                SA $500,000 $21,330
                VIC $500,000 $21,970
                WA $500,000 $17,765
                QLD $500,000 $15,925

                Factors that affect stamp duty rates

                Type of Property

                Stamp duty rates are calculated differently depending on the type of property, such as a residential home, investment property or commercial land.

                Intent on buying

                Rhe purpose of your property purchase (ie. owner occupied or investment) can affect the stamp duty cost.

                First Home buyer

                Some states will offer either a concession or exemption from paying stamp duty if you are a first home buyer.

                Stamp Duty FAQs

                Stamp duty is a tax charged by the government when you purchase a property and is a mandatory payment.

                There are some states in Australia that will apply a concession or exemption from having to pay stamp duty in certain circumstances, like first-time home buyers. Other than that, there is no way to avoid paying stamp duty.

                Not paying stamp duty may cause you to be penalised by the state government. Other implications may also be applied depending on the state, such as significant additional fees.

                You can only claim back your stamp duty if you're eligible for a refund. Eligibility requirements will vary between each state.

                Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of 9 July 2024.

                ^The addition of offset sub-account means your comparison rate will change.

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