FAQs
Stamp duty in the ACT is calculated on a sliding scale according to your property value.
The table below shows the rates for owner-occupied properties, starting 1 July 2024.
Stamp duty rates differ if you are buying an investment property. If you are a first home buyer, you may be eligible for additional concessions.
The government charges additional fees for land purchases and mortgages.
Transfer registration fees, also known as land transfer fee in the ACT, are charged for registering your interest in the property. This is a flat fee of $463 in the ACT (current as of July 2024).
Mortgage registration fees in the ACT are also a flat fee, which is $172 for the 2024-25 financial year.
In the ACT, there is an income-based stamp duty concession for buyers who have not owned a property in the past 5 years. This covers first home buyers. Eligibility criteria to be aware of:
- Applicants must be at least 18 years old
- Applicants and their partners must not have owned a property in the last 5 years
- At least one applicant must live in the home continuously for one year, within one year of settlement.
This concession is capped at a total of $34,270, as of July 2024. If your stamp duty is under this cap, you will get a full stamp duty exemption. Above this cap, you will receive a discount of $34,270 on your stamp duty.
Eligibility is assessed based on household income and the number of dependents. Household income must be less than or equal to the caps shown:
There is an additional land tax in the ACT for foreign owners. However, an exemption applies if the ACT property is their primary place of residence.