What is Stamp Duty?
Stamp duty is a state government tax that is payable on the transfer of a property. The exact amount will vary based on the state in which you’re purchasing the property.
As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount.
To find out more about stamp duty and to see if you are eligible for any other government assistance, please visit the First Home Owner Grant page.
There may be more than one type of stamp duty payable when you buy your home. There's the duty, as described above, based on the property price. This is generally the highest government tax associated with the purchase. There may also be stamp duty on the mortgage. The rates vary depending on your state and the value of the property.