Stamp Duty

The greatest expense of purchasing a property is the payment of stamp duty. The stamp duty is calculated on a scale determined by the State Government. The stamp duty is payable on the Transfer (purchase price).

Not only is there stamp duty on the Transfer but there is also stamp duty on the mortgage. Monies you have borrowed are also subject to stamp duty. The stamp duty on the Transfer and Mortgage are payable at settlement. You may contact our office if you are unsure of the amount and we would be pleased to inform you.

Rates of stamp duty applicable to your purchase can be found on the State Revenue Office website at by viewing the calculator.

You should note that our office considers stamp duty from the utmost highest amount calculated on the purchase price, however, it will then be reduced (if applicable) based on the individual clients circumstances including Principal Place of Residence (PPR), First Home Owner Concession, First Home Buyers Grant, Pensioner Concession.  Therefore, you should note that you mortgage documents will also the higher amount of stamp duty applicable, until such time as you can provide evidence of your eligibility for a reduction.   Once we have your instructions, we will prepare the appropriate documents and provide same to your mortgagee to also reduce the duty payable.

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