State and territory governments decide how much stamp duty is in each jurisdiction, and terms and conditions vary. Typically, stamp duty is payable within a few months of signing the contract or from settlement. <\/p>\n\n\n\n
\u00bb MORE:<\/strong> Costs to know when buying a house<\/a><\/p>\n\n\n\n As a state or territory tax, there is no uniformity in the way stamp duty is calculated, meaning fees can vary widely across the country. <\/p>\n\n\n\n For example, the stamp duty on a $500,000 owner-occupied property for an Australian resident without any concessions across states is: <\/p>\n\n\n\n In general, stamp duty is calculated using the property\u2019s sale price or market value during the conveyancing process<\/a>. Use your state\u2019s calculator below to estimate the amount due.<\/p>\n\n\n\n Most Australian states and territories offer some type of relief for first home buyers<\/a> and pensioners, but these schemes also vary widely and are always subject to change.<\/p>\n\n\n\n Here is a breakdown of stamp duty exemptions and concessions for first home buyers, current as of this writing.<\/p>\n\n\n\n First home buyers in the ACT who meet certain income thresholds can receive the following stamp duty concessions. <\/p>\n\n\n\n The First Home Buyer Assistance Scheme<\/a> (FHBAS) in New South Wales offers the following stamp duty exemptions.<\/p>\n\n\n\n The Northern Territory<\/a> currently offers limited stamp duty exemptions for buyers of new house and land packages, and does not offer any concessions on established properties.<\/p>\n\n\n\n First-time buyers in Queensland can find relief on homes and vacant land lots through the first home concession (when buying a property) or the first home vacant land concession (when buying land to build a home).<\/p>\n\n\n\n The Stamp Duty Relief for Eligible First Home Buyers in South Australia offers the following relief: <\/p>\n\n\n\n Even if you are not eligible for the first home owner grant, you may still qualify for stamp duty relief. <\/p>\n\n\n\n The first home buyers scheme in <\/strong>Tasmania currently offers the following stamp duty concession:<\/p>\n\n\n\n The first home buyers scheme in Victoria offers the following stamp duty relief measures.<\/p>\n\n\n\n First home buyers in Western Australia may be eligible for the following stamp duty exemptions:<\/p>\n\n\n\n Stamp duty is not tax deductible. However, as a cost associated with buying a property, it can be taken off any future capital gains tax if you sell your property for a profit.<\/p>\n<\/div><\/div><\/div>\n\n\n\n As a stand-alone fee payable to the government up front, you can\u2019t typically add stamp duty to your mortgage<\/a>. Some lenders may be willing to tack it on to your loan.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n Alan Hartstein has worked in publishing for over 25 years as a writer and editor across broadsheets, tabloids, magazines, trade publications and numerous forms of digital content. Alan was initially…<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tRead more about Alan Hartstein and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tRead more about Georgia Rose and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n\n\t Here\u2019s what you need to know about the First Home Owners Grant. <\/p>\n\t<\/div>\n\n\t Enlisting early help from a lending professional, doing neighbourhood-level research, and factoring ongoing costs into your budget are some key tips for first-time home buyers to consider.<\/p>\n\t<\/div>\n\n\t Instead of focusing on how much the bank will let you borrow, you should focus on what you can actually afford. <\/p>\n\t<\/div>\n\n\tHow is stamp duty calculated?<\/h2>\n\n\n\n
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Stamp duty exemptions and concessions for first home buyers <\/h2>\n\n\n\n
Australian Capital Territory<\/h3>\n\n\n\n
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New South Wales <\/h3>\n\n\n\n
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Northern Territory<\/h3>\n\n\n\n
Queensland<\/h3>\n\n\n\n
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South Australia<\/h3>\n\n\n\n
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Tasmania<\/h3>\n\n\n\n
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Victoria<\/h3>\n\n\n\n
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Western Australia<\/h3>\n\n\n\n
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<\/h2><\/div>
Frequently asked questions about stamp duty<\/h3><\/div>
\n\t\t\tAbout the Authors\t\t<\/h4>\n\n\t\t\t\t\t
\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t
![\"How](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/12\/GettyImages-1397373305-1-435x290.jpg\")
\t<\/a>\n\t\t\t\n\t\n\t\tHow the First Home Owner Grant Can Help You Buy a House\t<\/a>\n<\/h4>\n\n\t
![\"\"](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/AmandaSmith1-edited-scaled-e1725395436514-40x40.jpg\")
Amanda Smith<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>![\"First](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/04\/GettyImages-1402437133-435x290.jpg\")
\t<\/a>\n\t\t\t\n\t\n\t\tFirst Home Buyer Tips: 5 Mistakes To Avoid\t<\/a>\n<\/h4>\n\n\t
![\"\"](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/Alan-Hartstein-portrait-40x40.jpeg\")
Alan Hartstein<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>![\"How](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/how-much-can-i-borrow-home-loan-435x290.jpg\")
\t<\/a>\n\t\t\t\n\t\n\t\tHow Much Can I Borrow for a Home Loan?\t<\/a>\n<\/h4>\n\n\t
![\"Is](\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/12\/GettyImages-1174420181-434x290.jpg\")
\t<\/a>\n\t\t\t