Stamp duty in NSW is calculated on a sliding scale according to your property purchase price.
Different rates may apply depending on your property type, whether you are a first home buyer, your purchase price, and other criteria.
For primary residence properties, the stamp duty rates are as follows:
You may also be eligible for a stamp duty concession or exemption if you are a first home buyer, which may reduce these rates.
Yes, there are mandatory upfront fees other than stamp duty required when purchasing property in NSW.
Other NSW government fees include transfer fees and mortgage registration fees, which are shown in our calculator.
Other upfront fees may apply, such as title search fees. To find relevant fees for your state or territory, check out our deposit & upfront costs calculator.
Under the First Home Buyer Assistance Scheme, also known as FHBAS, the NSW government provides concessional stamp duty rates, and stamp duty exemptions.
To be eligible for the FHBAS, you must meet the following requirements:
For properties under $650,000, you are fully exempt from stamp duty.
For properties between $650,000 and $800,000, you are entitled to a concessional rate of stamp duty, which you must apply for.
You can apply by filling out the following forms, and lodging them with your solicitor or conveyancer.
This differs from the NSW government's First Home Owner Grants (New Homes), which only applies to new homes, and is a $10,000 payment, rather than a concession.
The NSW First Home Buyer Choice scheme gives you the option to choose between paying stamp duty and an annual property tax (also called land tax). It is available for first home buyers in NSW who are purchasing properties under $1.5 million.
To be eligible:
To find the land tax for a property in NSW, follow these steps:
In NSW, stamp duty is calculated based on the dutiable value. This is the higher of the property’s sale price or its current market value.
In NSW, foreign property buyers need to pay an additional surcharge purchaser duty, which is on top of their stamp duty. Surcharge purchaser duty is calculated as 8% of the property value.
You are not considered a foreign owner if you are any of the following:
If you are a foreign owner, please note that you may be subject to other costs, in addition to the stamp duty surcharge.
OwnHome Services Pty Ltd ACN 664 492 059 ABN 77 648 597 184. The calculator on this website is provided for your information only and is to illustrate scenarios. The calculator results are intended as a guide only and are an estimate or approximate guide only, based on the information you input. The calculator should not be relied upon for the purposes of entering into any legal or financial commitments.
The results should not be taken as a substitute for professional advice, and do not constitute professional advice. You should consider seeking independent legal, financial, taxation or other advice for your unique circumstances.
All reasonable care has been taken in preparing and designing the calculator; however, OwnHome Services Pty Ltd provides no warranties and makes no representation that the information provided by the calculator is correct, appropriate for your particular circumstances, or indicates you should follow a particular course of action. Calculations are for buying owner-occupied homes, and do not apply to land nor to investment properties. Other fees and charges may also apply.