Stamp Duty Calculator

What is stamp duty?

Stamp duty is another name for land transfer duty. It is a tax that is related to the financial transaction of a property purchase, whether that be a house, a commercial or industrial property, or the transfer of land. Whenever you buy a house in Australia it is likely your local state revenue office will charge you stamp duty. However, some governments offer incentives for some residential property buyers, such as first-home buyers, and can reduce or even waive stamp duty for a set period. It is not just home buyers who pay stamp duty. In some states and territories, stamp duty is also charged on:

  • Certain leasing arrangements
  • Transfer of motor vehicles
  • Declarations of Trust
  • Land rich acquisitions
  • Livestock sales

In the case of property, stamp duty essentially covers the financial cost of state governments transferring the property title and ownership details into your name.

One of the big benefits of applying for a modern home loan is there is a raft of tools and resources available at your fingertips to help you find a suitable mortgage for your property goals. One of these tools is a Stamp Duty Calculator. A Stamp Duty Calculator makes all the relevant adjustments for you, such as where you live, what kind of property you are planning to buy, and the value of that property. It will then give you a figure which is the likely amount of stamp duty you will pay. Your solicitor or conveyancer will be able to give you the final details, based on the amount of the contract.

You can include your stamp duty amount in your home loan or pay it upfront or separately to lower your overall home loan. Our Stamp Duty Calculator below gives you all the information you will need to help you move forward with your property search and mortgage application. Make sure you fill in the information as accurately as you can and don’t be afraid to ask our home loan specialists for help. They can point you in the right direction to make your dream home purchase a reality.

Stamp Duty Calculator

The price of buying the property
$
The State/Territory where you will be buying the property
What is the primary use of the property e.g. will it be your main residence or are you buying the property as an investment?
What is the type of the property that you are buying?
Are you a first time buyer of property? You may receive discounts on the stamp duty paid as first time buyer.

Yes

No

Important Disclaimer: This is intended as a guide only. Values used in the calculations are subject to change.

Registration Fee

$102.00

Transfer Fee

$204.00

Stamp Duty Fee

$8,990.00

Total Stamp Duty Costs

$9,296.00

How much is stamp duty?

It is important to use a stamp duty calculator to discover your stamp duty rate because there is no set figure across the country. Instead, there is a range of variables that, as a home buyer, the state revenue office will use to set the stamp duty rate, including:

  • Where you live. Stamp duty is a state tax, which means each state and territory can charge different amounts. It can double from one state to another and change from time to time, and there aren’t too many people who are across the changing stamp duty rate of each state and territory at any given moment. At Mortgage House, our Stamp Duty Calendar is based on the most up-to-date information and data available.
  • Property Value. How much you pay for the property will impact the amount of stamp duty you pay.
  • Property Use. If you are an investor, you are likely to pay more stamp duty than someone looking to borrow to buy a residential property.
  • Property type. The stamp duty rate you are charged can vary depending on the type of property you are looking to buy. A transfer of land or the purchase of a property off the plan can attract a smaller stamp duty rate (or none at all) than an established property.
  • First Home. Some state and territory governments like to make it that little bit easier for people to get into the property market, and will often reduce or scrap the stamp duty rate altogether for them.
  • Other fees. There can be other, smaller, fees such as a Transfer Fee or a Registration Fee that are included in a stamp duty rate.

All of these options are included in our easy-to-use Stamp Duty Calculator above.

How to calculate stamp duty

Using a Stamp Duty Calculator is still the easiest way to get an indication of what stamp duty rate you are likely to pay when you buy a property. As mentioned above, the amounts can vary in different states and with different properties. One of the key areas is the type of property you are looking to apply for a mortgage to buy. There are usually two kinds of reasons to buy a home.

  • As an owner-occupier. An owner-occupier is a person who intends to have the property they purchase as their main place of residence. An owner-occupier mortgage is the most common type of home loan in Australia. As mentioned above, and as a Stamp Duty Calculator will tell you, the stamp duty rate for an owner-occupier is generally less than for those looking to buy a property as an investment. Interest rates can also be higher for investors, as there can be a higher risk in buying a property solely as an investment.
  • An investor. As an investor, you are more likely to attract a higher stamp duty rate and higher interest rates. However, a range of tax benefits and a strong property market continue to make investing in property attractive. Investors are also likely to miss out on special state government stamp duty concessions, such as those often seen for first-home buyers.

One key part of a Stamp Duty Calculator is the value of the property you are looking to buy. It’s important to understand that this figure is not the amount of the home loan, but how much you are buying the home for. Most banks and lenders will lend up to 80% of the value of the home with a standard home loan, the deposit making up the rest. However, Mortgage House has a range of Low Deposit Home Loans that can help you as a home buyer get into the property market with deposits of much less. Lenders Mortgage Insurance can be another avenue to help you become a home buyer if you don’t have access to a 20% deposit.

Finding out how much you may be able to borrow is another important part of this process. Our Borrowing Calculator below can calculate your borrowing power, giving you an indication of how much a bank or lender may lend you, as long as your credit rating is strong.

Calculator

Loan Details

The interest rate for the loan.
% p.a.
What is the length of time to repay the loan?
years
Will the loan be for yourself or joint with another applicant?

Yes

No

Any person who depends on you for financial support e.g. your children?

Annual Net Income

Your net income per year i.e. after tax
$
Your partner's net income per year i.e. after tax
$
Any other income you may receive each year e.g. rent from a property, interest on savings or dividends from shares
$

Monthly Expenses

Personal monthly expenses e.g. rent, bills, shopping, fuel etc.
$
Any repayments you have to make each month to cover your credit cards or other loans
$
Any other monthly expenses
$

Your Monthly Repayment

per month

You Can Borrow Up To

Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House's prevailing credit criteria apply. We recommend you seek independent legal and financial advice before proceeding with any loan. The Comparison Rate for each of the home loan products contained in this page is based on a loan of $150,000 over a 25 year term. Fees and charges may be payable.

WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. * This mortgage calculator shows indicative repayments based on 12/26/52 equal repayments for monthly/fortnightly/weekly options.

When is stamp duty payable?

As mentioned above, the stamp duty rate can vary depending on where you live, whether you are buying an investment or residential property and whether or not you are a first-home buyer. Mortgage House’s Stamp Duty Calculator can help you through that maze of detail in an easy-to-understand way. If you are an investor, you are likely to pay stamp duty whatever kind of property you buy. However, if you are an owner-occupier, the type of property you buy can lead to some discounts in certain states. Property types include:

  • Established property. This is a home that has been existing for some time, not one you are constructing with the home loan. In some states, first-home owners can receive discounts for established properties, and investors can pay a higher stamp duty rate.
  • Vacant land. Just as it sounds, vacant land is a block without a home on it or purchased as part of a house and land package. If you buy it as part of a house and land package, you are likely to only be charged stamp duty on the purchase of the land, not the yet-to-be-built home. Once again, investors can pay a higher stamp duty rate for vacant land and there may be discounts if you are a first-home buyer.
  • Newly built. In most states, a newly built property is treated the same way as an established property when it comes to the stamp duty rate, even if it hasn’t been lived in yet. An example is a unit within an apartment complex.
  • Off-the-plan. An off-the-plan property is one you agree to build and settle on before it is built. A lot of developers, especially in metropolitan areas, sell apartments off-the-plan. In some states and territories, the stamp duty rate can be discounted for off-the-plan properties.

Given the complexities of all these calculations and differences, a Stamp Duty Calculator such as the one on this page can be a good place to start to give you the answers you need. Contacting our specialist lenders can also help solve any questions you have.

The timing of the payment of stamp duty also varies from state to state. Some states give you 30 days to pay, some 14 days and some 3 months. Your solicitor or conveyancer can let you know all that information and can also give you advice on all the options of how it can be paid. Importantly, if you don’t pay it by the deadline given, interest can be charged, and it can become quite costly.

Who pays stamp duty?

If you are buying a property, you are likely to pay either stamp duty or the smaller transfer duty taxes and fees, no matter which state or territory you live in. In some states, first-home owners receive a heavily discounted stamp duty rate or no stamp duty at all. From time to time, some state governments will look at stimulating the new-home market and may give stamp duty rate discounts to those looking to build or buy house and land packages. There have even been some examples of state revenue offices cutting stamp duty rates for the purchase or construction of certain types of properties in regional areas of their state. Foreign purchasers can also pay more. In some Australian states, stamp duty rates are accompanied by additional duties if you are a foreign purchaser – someone who is not an Australian citizen. Foreign corporations and foreign trusts may be exempt from the additional duties.

At Mortgage House, we know that as a potential homeowner, every dollar saved can make a big difference in the short and long term. That is why a Stamp Duty Calculator, and all our other home loan calculators, are important. They can give you the information you need before you even apply for a home loan.

Becoming a homeowner means purchasing one of the biggest investments most people make, and Mortgage House knows the importance of getting it right the first time and having as much information as possible before taking the plunge. Take the time to use Mortgage House’s Stamp Duty Calculator and understand how it works. It may help you choose between an established home or a house and land package, and other online tools and resources can help you make suitable choices along your property journey. Mortgage House can help you find a suitable home loan with an interest rate that fits your needs, as well as help you understand the benefits of the large range of features that come with each of our mortgages. These features can help you save thousands of dollars over the life of the loan.

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Frequently Asked Questions about Stamp Duty

Is transfer duty different to stamp duty, and how much will I pay?

Transfer duty is simply another name for stamp duty. Once you input your information into the stamp duty calculator you will get a breakdown of fees associated with your specific purchase. If you are buying a house and land package, for example, stamp duty is only payable on the land portion, providing the house is yet to be built. The fees shown are estimates, although they give a good indication of the amount you will need to pay. How much you pay depends on the location of the property, how much the property costs and the type of property you buy.

What is mortgage duty?

Mortgage duty is a fee charged on each mortgage. It isn’t related to stamp duty and has been abolished in most states and territories, although a nominal $5 fee is charged in Queensland for transferring a mortgage.

What is an owner-occupied property?

An owner-occupier is a person who intends to live in the property they purchase. This is the most common form of home loan, although the surge in purchasing investment properties all around Australia continues unabated. Stamp duty is generally less for owner-occupied properties compared to investment properties, which usually also incur slightly higher interest rates to insure lenders against the risk factors involved. Whatever your property objectives are, understanding how stamp duty works can save you money.

Why choose the Mortgage House stamp duty calculator?

The stamp duty calculator and other services provided by Mortgage House transfer the borrowing power into your hands. Once you have a handle on your personal potential, your negotiation skills can shine. We believe in giving you a borrowing advantage by avoiding confusing legal jargon, providing a comprehensive range or mortgage services, and saving you money wherever possible. Your home loan satisfaction is our success, so we remain approachable and on hand to assist wherever possible.

At Mortgage House, we retain the best of personalised service while delivering optimum loan outcomes for all borrowers. It’s no secret that breaking into the housing market can be difficult, and states are focussed on easing prohibitive levels of housing affordability. Every dollar saved will make a difference in the short and long-term, so rather than sugar-coat the situation, Mortgage House helps you get started with a genuine plan for loan application success.

Purchasing a home remains the biggest investment most people make, and getting it right the first time is something to be proud of. Take the time to explore our stamp duty calculator, other mortgage calculators and additional incentives, and you will be on track for making the best possible mortgage choice. We can find you a home loan with a better interest rate, superior features, lower fees and charges, plus other value-added options that all add up to big savings.