When purchasing a property, you’ll usually pay a tax called stamp duty. Stamp duty is the tax of a transaction on the transfer of a property. The amount of tax that needs to be paid varies according to the type and value of the transaction involved and the state or territory you’re buying in.
Some buyers may qualify for a stamp duty concession or exemption. First home buyers, for example, can receive exemptions in some areas of Australia depending on the value of the property they’ve purchased. Pensioners and health card holders may also be eligible for a stamp duty exemption.
Use our stamp duty calculator below to estimate how much you’ll be paying in taxes for a home purchase. By working out how much you’ll potentially be out of pocket, you can better plan what you can afford and how it will impact your finances.