Transfer duty estimator

Stamp Duty Calculator

transfer duty calculator

Stamp Duty Calculator Updated for 2024

Please note that the information provided on this page, including the stamp duty calculator, is for informational purposes only and should not be considered as financial advice. 

This stamp duty calculator will help you find out how much transfer (stamp) duty you may need to pay.

Understanding Stamp Duty in Australia

When navigating the complexities of purchasing property in Australia, understanding the associated costs is essential. For those looking to buy property on the Gold Coast, stamp duty is one of the significant expenses to consider. Gold Coast property buyers, as experienced buyers agents, are dedicated to helping you make informed decisions by providing tools and expert advice to guide you through the process.

Stamp duty is a crucial consideration when purchasing property in Australia. It is a tax imposed by state and territory governments on property transactions, and the amount varies depending on the property’s value, location, and your residency status. Our stamp duty calculator is designed to help you estimate the costs involved in your property purchase, giving you a clearer picture of the financial commitment required.

How is Stamp Duty Calculated?

Stamp duty is calculated based on the purchase price of the property or its market value, whichever is higher. Different states and territories have varying rates and thresholds, which means the amount you need to pay can differ significantly depending on where the property is located. Concessions and exemptions may apply for first-home buyers, investors, or those purchasing off-the-plan properties, so it’s essential to understand your eligibility.

Why Use Our Stamp Duty Calculator?

Our stamp duty calculator provides an instant estimate of the duty payable on your property purchase. By inputting details such as the property price, location, and your buyer status, you can receive an accurate estimate tailored to your circumstances. This tool helps you budget effectively and ensures you are well-prepared for all costs associated with buying a property.

Key Considerations

  • First-Home Buyer Concessions: Many states offer reduced stamp duty for first-home buyers. Check if you qualify for any concessions or grants.
  • Investment Properties: Stamp duty rates for investment properties might differ from those for owner-occupied homes.
  • Off-the-Plan Purchases: Some states provide stamp duty discounts for off-the-plan purchases, which could significantly reduce your costs.
  • Foreign Buyers: If you are a foreign purchaser, additional surcharges may apply.

Get Expert Advice

While our calculator offers a useful estimate, it’s always wise to consult with a professional to understand your specific situation fully. As a trusted buyers agent, I am here to guide you through the complexities of purchasing property, ensuring you make informed decisions and maximise your investment.

Contact us today for personalised advice and support throughout your property buying journey. We are committed to helping you secure the right property at the best price, while ensuring a smooth and stress-free experience.

Calculate Stamp Duty in Queensland

Transfer duty rates in QLD

Here’s a table with the Queensland transfer duty rates, along with an example:

Property ValueDuty Rate
Up to $5,000No duty
$5,001 to $75,000$1.50 per $100 over $5,000
$75,001 to $540,000$1,050 plus $3.50 per $100 over $75,000
$540,001 to $1,000,000$17,325 plus $4.50 per $100 over $540,000
Over $1,000,000$38,025 plus $5.75 per $100 over $1,000,000

Example Calculation

For a property valued at $800,000:

  • Base rate: $17,325
  • Additional: $4.50 per $100 over $540,000
  • Calculation: $800,000 – $540,000 = $260,000
  • Duty: $17,325 + ($260,000 / 100 * $4.50) = $29,025

Understanding Queensland’s Transfer Duty

Transfer duty, commonly known as stamp duty, is a tax levied on property transactions by the Queensland government. It’s important to budget for this additional cost when planning your property purchase. The rates vary based on the property’s value, and different thresholds apply. Using our calculator, you can estimate the transfer duty to ensure you’re financially prepared.

Foreign purchasers should be aware that additional surcharges may apply. It’s advisable to consult with a financial advisor or legal expert to fully understand how these rates impact your specific situation and to explore potential concessions or exemptions you might qualify for. You can read more about the rates at the Queensland Revenue website.

Calculate Stamp Duty in New South Wales

Transfer duty rates in NSW

Here’s a table with the current NSW transfer duty rates, along with an example calculation:

Property ValueTransfer Duty Rate
$0 to $17,000$1.25 for every $100 (minimum $20)
$17,000 to $36,000$212 plus $1.50 for every $100 over $17,000
$36,000 to $97,000$497 plus $1.75 for every $100 over $36,000
$97,000 to $364,000$1,564 plus $3.50 for every $100 over $97,000
$364,000 to $1,212,000$10,909 plus $4.50 for every $100 over $364,000
Over $1,212,000$49,069 plus $5.50 for every $100 over $1,212,000

Example Calculation

For a property valued at $500,000:

  • Duty up to $97,000: $497 + (($97,000 – $36,000) / 100 * $1.75) = $1,562.50
  • Additional duty up to $500,000: $1,564 + (($500,000 – $97,000) / 100 * $3.50) = $15,514
  • Total Duty: $1,562.50 + $15,514 = $17,076.50

Transfer duty, known colloquially as stamp duty, is levied on property purchases in New South Wales and varies according to the property’s purchase price. It’s important to note that different rates may apply based on whether the property is residential, an investment, or if the buyer is a foreign national, which could attract additional surcharges. Our tool aims to provide preliminary guidance, with comprehensive details available directly from the NSW Revenue website.

Calculate Stamp Duty in Victoria

Transfer duty rates in VIC

Here’s a table with the current Victorian land transfer duty rates, along with an example calculation:

Property ValueTransfer Duty Rate
$0 – $25,0001.4% of the dutiable value
$25,000 – $130,000$350 plus 2.4% of the dutiable value over $25,000
$130,000 – $960,000$2,870 plus 6% of the dutiable value over $130,000
$960,000 – $2,000,0005.5% of the dutiable value
Over $2,000,000$110,000 plus 6.5% of the dutiable value over $2,000,000

Example Calculation

For a property valued at $650,000:

  • Duty up to $130,000: $350 + (($130,000 – $25,000) / 100 * $2.4) = $2,610
  • Additional duty up to $650,000: $2,870 + (($650,000 – $130,000) / 100 * $6) = $34,070
  • Total Duty: $2,610 + $34,070 = $36,680

Decoding Victoria’s Transfer Duty

Victoria’s land transfer duty, often referred to as stamp duty, is a tax charged on the transfer of property based on its value. Our calculator assists in estimating this duty, which can be substantial depending on the property’s sale price. This tax is structured in progressive bands, which means higher value properties incur higher rates of duty. For more comprehensive details, visit the State Revenue Office of Victoria.

 

Calculate Stamp Duty in South Australia

Transfer duty rates in SA

Here’s a table with the current South Australian stamp duty rates, along with an example calculation:

Property ValueStamp Duty Rate
Up to $12,000$1.00 for every $100 or part of $100
$12,000 to $30,000$120 plus $2.00 for every $100 over $12,000
$30,000 to $50,000$480 plus $3.00 for every $100 over $30,000
$50,000 to $100,000$1,080 plus $3.50 for every $100 over $50,000
$100,000 to $200,000$2,830 plus $4.00 for every $100 over $100,000
$200,000 to $250,000$6,830 plus $4.25 for every $100 over $200,000
$250,000 to $300,000$8,955 plus $4.75 for every $100 over $250,000
$300,000 to $500,000$11,330 plus $5.00 for every $100 over $300,000
Over $500,000$21,330 plus $5.50 for every $100 over $500,000

Example Calculation

For a property valued at $320,000:

  • Duty up to $250,000: $8,955 + (($250,000 – $200,000) / 100 * $4.25) = $10,080
  • Additional duty up to $320,000: $11,330 + (($320,000 – $300,000) / 100 * $5) = $12,430
  • Total Duty: $10,080 + $12,430 = $22,510

Insight into South Australia’s Stamp Duty

Stamp duty in South Australia is structured to increase incrementally with property values, necessitating careful financial planning for prospective property buyers. This calculator provides a handy resource to estimate potential costs and ensure budget preparedness. For a full breakdown of how these rates apply to specific property transactions, consider consulting a financial advisor or visiting the RevenueSA website.

Calculate Stamp Duty in Tasmania

Transfer duty rates in TAS

Here’s a table with the current Tasmanian stamp duty rates, along with an example calculation:

Property ValueStamp Duty Rate
Up to $3,000$50
$3,000 to $25,000$50 plus $1.75 for every $100 over $3,000
$25,000 to $75,000$435 plus $2.25 for every $100 over $25,000
$75,000 to $200,000$1,560 plus $3.50 for every $100 over $75,000
$200,000 to $375,000$5,935 plus $4.00 for every $100 over $200,000
$375,000 to $725,000$12,935 plus $4.25 for every $100 over $375,000
Over $725,000$27,810 plus $4.50 for every $100 over $725,000

Example Calculation

For a property valued at $400,000:

  • Duty up to $200,000: $1,560 + (($200,000 – $75,000) / 100 * $3.50) = $5,985
  • Additional duty up to $400,000: $5,935 + (($400,000 – $200,000) / 100 * $4.00) = $13,935
  • Total Duty: $5,985 + $13,935 = $19,920

Exploring Stamp Duty in Tasmania

Tasmania’s stamp duty structure features progressive rates that increase with the property value. This system requires potential buyers to carefully evaluate the financial implications of their property transactions. Accurate budgeting for such duties is crucial, as they can represent a significant portion of transaction costs. For detailed information and guidance, please consult the State Revenue Office Tasmania website.

 

Calculate Stamp Duty in Australian Capital Territory

Transfer duty rates in ACT 

Here’s a table with the current conveyance duty rates for the Australian Capital Territory, along with an example calculation:

Property ValueDuty Payable: Owner OccupierDuty Payable: Non-Owner Occupier
Up to $260,000$0.40 per $100$1.20 per $100 up to $200,000
$260,001 to $300,000$1,040 plus $2.20 per $100 over $260,000$2,400 plus $2.20 per $100 over $200,000
$300,001 to $500,000$1,920 plus $3.40 per $100 over $300,000$4,600 plus $3.40 per $100 over $300,000
$500,001 to $750,000$8,720 plus $4.32 per $100 over $500,000$11,400 plus $4.32 per $100 over $500,000
$750,001 to $1,000,000$19,520 plus $5.90 per $100 over $750,000$22,200 plus $5.90 per $100 over $750,000
$1,000,001 to $1,455,000$34,270 plus $6.40 per $100 over $1,000,000$36,950 plus $6.40 per $100 over $1,000,000
More than $1,455,000Flat rate of $4.54 per $100Flat rate of $4.54 per $100

Example Calculation for Owner Occupier

For a property valued at $320,000 (Owner Occupier):

  • Duty up to $260,000: $0.40 per $100 = $1,040
  • Additional duty from $260,001 to $320,000: $1,920 plus ($60,000 / 100 * $3.40) = $3,944
  • Total Duty: $1,040 + $3,944 = $4,984

Deciphering ACT’s Conveyance Duty

In the ACT, conveyance duty is structured to accommodate different types of property transactions, with specific rates for eligible owner-occupiers and non-owner-occupiers. For detailed calculations and additional information, please refer to the ACT Revenue Office website.

 

Calculate Stamp Duty in Northern Territory

Transfer duty rates in NT

Here’s a table with the current Northern Territory (NT) stamp duty rates, along with an example calculation:

Property ValueStandard Stamp Duty Payable
Up to $525,000(0.06571441 x V^2) + 15V (V is 1/1,000 of the property value)
$525,000 – $3,000,0004.95% of the dutiable value
$3,000,000 – $5,000,0005.75% of the dutiable value
Over $5,000,0005.95% of the dutiable value

Example Calculation

For a property valued at $400,000:

  • V = $400 (as V is $400,000 / 1,000)
  • Stamp Duty = (0.06571441 x 400^2) + (15 x 400) = $10,485.76 + $6,000 = $16,485.76

Understanding Stamp Duty in the Northern Territory

Stamp duty in the Northern Territory is structured to reflect the property’s purchase price. For properties valued up to $525,000, the duty is calculated using a specific mathematical formula that incorporates both a quadratic component and a linear component. For higher valued properties, the duty is a percentage of the property’s value, increasing incrementally as the value rises. For a comprehensive explanation of rates and calculations, please refer to the Northern Territory Government’s official page.