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Stamp duty calculator

RateCity's stamp duty calculator can provide you with an estimate of your total government fees when buying a residential property, based on the information you input. The estimate includes stamp duty, mortgage registration and transfer fees.

In order to determine the most accurate estimate, the calculator takes into consideration the following factors:

  • Whether you are purchasing the property as your principal place of residence whether as an established home or a new home (as an owner occupier), or to rent out (as a property investor)
  • The state or territory in which the property is located
  • The value of the property
  • Whether or not you are a first home buyer
  • Whether you are purchasing an existing property, buying off the plan, or only buying land

The calculator will also use this information to determine and apply any concessions or exemptions you may be eligible for.

What is stamp duty?

Stamp duty is a tax charged by each of the state and territory governments in Australia whenever certain types of property (including real estate and motor vehicles) are sold. Sometimes called “land transfer duty” or something similar, the tax helps cover the cost of transferring a property’s legal title from one owner to another.

Stamp duty is a one-off charge that you’ll need to pay when you purchase a property. Additional to the purchase price, it can significantly increase the upfront costs of buying real estate, which may also include home loan establishment fees, pest and building inspection fees, lenders mortgage insurance (LMI) and more.

How much is stamp duty in my area?

Different states and territories charge stamp duty at different rates, and the cost of stamp duty may depend on a range of factors. Generally, the more the property sells for, the higher amount of stamp duty you may need to pay. Stamp duty may also be charged at different rates for different property types, e.g. vacant land, detached housing or apartments bought off the plan.

When you buy a property, you’ll likely need to pay stamp duty some time after your settlement date – anywhere from 30 days to three months, depending on your location. This payment is often organised through your conveyancer or solicitor, so you can be confident that there are no outstanding issues that could affect your purchase or transfer of title.

How is stamp duty calculated?

Stamp duty is generally calculated on a sliding scale, based on the property’s sale price or current market value, whichever is higher. The lower the property's dutiable value, the less tax you’ll likely need to pay when you buy it.  

States and territories often calculate stamp duty based on value categories (e.g. between $83k and $310k, or between $310k to $1.033 mil etc.), which are frequently updated. You may be charged transfer duty at a set rate for the value category the property falls into, plus an extra fee based on how much higher the property’s value is than the category’s minimum value (e.g. a base rate of $9,285 plus $4.50 for every $100 over $310,000).

Who is eligible for a stamp duty concession or exemption?

Not all home buyers need to pay stamp duty for every property purchase. Several states and territories offer stamp duty discounts, waivers, or concessions for first home buyers, pensioners or other selected borrowers in different financial situations. On the other hand, property investors may be charged stamp duty at higher rates than some other purchasers.

To determine whether you may be eligible for a stamp duty exemption or concession, visit your state or territory's government website:

Are stamp duties the same across Australia?

There are different stamp duties in each state or territory. The level of exemption and concession is influenced by the value of your property in some areas, and by whether or not the property is your primary residence, or if it is an investment property.  Some may also offer different concessions and exemptions if you're a first home owner, as well as potentially qualifying you for your state or territory's First Home Owner Grant (FHOG).  

How much stamp duty one may pay depends on all of these factors, so it's worth doing your research through the above Revenue Office link's.

Can stamp duty affect my home loan?

Estimating the cost of stamp duty before you buy a property can make a big difference to your budgeting. Because stamp duty is charged by a government, and not your lender, it’s most often paid upfront out of your savings. This means less of your savings can go toward a deposit, which could mean you’ll be charged for lenders mortgage insurance (LMI) – another significant upfront cost. You may be able to add LMI onto your loan to pay off over time, though this likely means paying more in interest charges.    

If you’re not sure of the best option for managing your stamp duty when you buy a property, you could consult a mortgage broker for advice. These experts stay up to date with the latest rules and regulations around stamp duty in your area, and can advise you of some of the best ways to manage the cost of stamp duty when you apply for a home loan.

Consider using other home loan calculators to get a gauge on how much you'll need to pay through the life of your mortgage, including home loan repayments, and not just through the fees required to purchase one.

How can a mortgage broker help me with stamp duty rates and questions?

Mortgage brokers are licensed experts with a specialised knowledge of the home loan market. They can provide professional financial advice, while helping you shortlist lenders and apply for home loans that are suitable for you. 

When it comes to questions on stamp duty and other government fees, a mortgage broker will typically have an in-depth understanding of this information and can provide you with accurate details that reflect your personal circumstances.

If you're interested in learning more, consider reaching out directly to a mortgage broker.

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Frequently asked questions

How can I calculate interest on my home loan?

You can calculate the total interest you will pay over the life of your loan by using a mortgage calculator. The calculator will estimate your repayments based on the amount you want to borrow, the interest rate, the length of your loan, whether you are an owner-occupier or an investor and whether you plan to pay ‘principal and interest’ or ‘interest-only’.

If you are buying a new home, the calculator will also help you work out how much you’ll need to pay in stamp duty and other related costs.

How do you calculate how much you could save with a lower rate?

To work out how much you could save, we run the home loan details you’ve provided through our database, and search for similar home loan options that we think would be suitable for you.

We then calculate the costs of these loan options over 15 years (to keep our calculations consistent) and compare them to the cost calculations for your current home loan.

How does a mortgage calculator work?

A mortgage calculator is an extremely helpful tool when planning to take out a home loan and working out the costs. Although each mortgage calculator you come across may be slightly different, most will help you estimate how much your repayments will be. The calculator will often also show you the difference in repayments if you repay weekly, monthly or fortnightly. 

To calculate these figures, you’ll be asked to enter a few details. These include the amount you plan to borrow, whether you’re an owner-occupier or an investor, the proposed interest rate and the home loan term. It will also often show you the total interest you’ll be charged and the total amount you’ll repay over the life of the loan.  

Understanding how the mortgage calculator works, helps you to use it to see how different loan amounts, interest rates and terms affect your repayments. This can then help you choose a home loan that you can repay comfortably and save on interest costs. The mortgage calculator lets you compare the benefits and costs of home loans from different lenders to help you make a more informed choice. Use a mortgage calculator to help identify which home loan is most suitable for your requirements and financial situation.

How much money can I borrow for a home loan?

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards. 

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.