What is stamp duty?

How much does stamp duty cost?

Basically, stamp duty costs a lot.

Apart from your home deposit, if you buy property anywhere in Australia, stamp duty is likely to be one of your biggest expenses.

And it’s something that’s calculated based on how much your property costs and on a case-by-case basis. It’s important to budget for stamp duty because it’s an expense that is in addition to mortgage fees and any other costs that are part of acquiring property.

We recommend you ask your expert conveyancer at Settle Easy to help work out exactly how much stamp duty you will need to pay.

You can also try our easy-to-use free stamp duty calculators. That way, you can anticipate what your stamp duty costs will be and budget accordingly.

Am I eligible for stamp duty concessions?

Here’s the good news – you may be eligible for a concession or exemption.

The rules about stamp duty discounts are different depending on which Australian state or territory you are buying property in.

Although most property buyers will need to pay stamp duty, if you’re a first home buyer, you might be eligible for:

• an exemption or a concession

You can find out more about stamp duty exemptions and stamp duty concessions at:

• Revenue NSW
• Queensland Government
• State Revenue Office Victoria

Of course, your friendly local conveyancer at Settle Easy can also explain any concessions or exemptions to you.

We think it’s really important that you spend time finding out what stamp duty you may have to pay before making one of the biggest financial commitments of your life.

It’s not just us saying that, here’s what some of our customers think about us: