FAQs
Every state in Australia has different stamp duty. Rates are generally determined on a sliding scale, based on the dutiable value. Dutiable value is generally taken to be the higher of the market value or the property purchase price.
Yes, every state has additional registration and transfer fees you may be required to pay. To see the rate cards for individual states, please refer to the relevant state-based page.
Each state has its own set of rules as to whether there are concessional rates or exemptions for first home buyers.
NSW, Victoria, Queensland, Western Australia, and the Northern Territory all have concessional rates. The Australian Capital Territory has a home concession scheme, not limited to first home buyers.
South Australia and Tasmania do not have any concessional rates for first home buyers.
Yes, most states charge a foreign owner duty surcharge, which is generally a percentage of the property value.
Each state also has different criteria for whether someone is a foreign owner or not. They also have different rules on purchasing property jointly with a non-foreign owner, and whether this surcharge still applies. Please check the rules in your state, as this can significantly impact your final cost.
