Stamp duty is a state government tax levied on home buyers and it varies depending on the state or territory you’re buying in.

It's generally 3-4% of the property’s value, but it’s best to use our Stamp Duty Calculator to get an estimate of what you could expect to pay. In the meantime, here’s a snapshot of stamp duty costs in each state and territory:

NSW

$80,001 to $300k = $1,290, plus $3.50 for every $100 over $80k

$300,001 to $1m = $8,990, plus $4.50 for every $100 over $300k.

If you're a first home buyer, you can choose between a lump sum stamp duty payment or an annual tax that is based on your property's land value. There are conditions and eligibility criteria, which you can find here.

QLD

$75k to $540k = $1,050, plus $3.50 for every $100 over $75k.

$540k to $1m = $17,325, plus $4.50 for every $100 over $540k.

SA

$250k to $300k = $8,955, plus $4.75 for every $100 over $250k.

$300k to $500k = $11,330, plus $5 for every $100 over $300k.

TAS

$200k to $375k = $5,935, plus $4 for every $100 over $200k.

$375k to $725k = $12,935, plus $4.25 for every $100 over $375k.

WA

$100,001 to $250k = $2,090, plus $3.80 for every $100 over $100k.

$250,001 to $500k = $7,790, plus $4.75 for every $100 over $250k.

VIC

$440,001 to $550k = $18,370, plus 6% of the dutiable value over $440k.

$550,001 to $960k = $28,070, plus 6% of the dutiable value over $550k.

NT & ACT

Stamp duty is determined by a formula in these territories, so you’ll need to use the calculators on the NT Government and ACT Revenue Office websites to determine approximate stamp duty.

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Our eligibility criteria looks across a range of factors including:

• Property: value, location, and type
• Your contributions (aka deposit or equity amount)
• Employment: current and previous history, and type
• Identity: forms of government ID, and citizenship

Check our comprehensive eligibility table to see if a Tic:Toc home loan, or a Tic:Toc + Choice home loan from our in-house broker offering, is best for you.

Stepping onto the housing ladder for the first time also means accessing great first home buyer benefits. Most states offer some form of stamp duty/land transfer duty discount. New South Wales, Queensland, Tasmania, Victoria, Western Australia, and the ACT all offer either a full exemption or partial concession on stamp duty/land transfer duty for first home buyers. Unfortunately, South Australia and the Northern Territory don’t currently offer any form of stamp duty/land transfer duty discount for first home buyers at this time.

No one said saving for a home was going to be easy.

As well as the biggest deposit you can possibly manage (at least 10% and preferably 20%), there are a number of other upfront expenses you’ll have to save for when buying your home. These include;

• Stamp duty – ranges from zero up to many thousands of dollars, depending on where you are. If you’re a first home buyer, you may be entitled to an exemption, so check the government website in your state or territory.
• Transfer fee - a state government fee for property title transfers which also varies by state. It could be hundreds or thousands of dollars, so check your government website for details.
• Mortgage registration fee – another government fee covering mortgage registrations, but usually only in the low hundreds, depending on which state you’re in.
• Legal fees - covers the cost of a licensed conveyancer reviewing your contract and title and drafting the settlement documents. This can cost anywhere from a few hundred to a few thousand, depending on complexity.
• Mortgage application fee – a fee charged by your bank to set up your mortgage. Some banks offer reduced-fee deals, so shop around.
• Lenders Mortgage Insurance – usually only required if your deposit is less than 20%, it can cost you between 1 and 3% of the loan amount.
• Inspection fee – you’ll need a building inspection to check for termites and structural issues. This could set you back anywhere from $200 to $500.
• Other costs - building insurance costs around $1000 a year for home insurance and $500 for contents, utility connections can be in the hundreds of dollars and removalist fees can be anywhere from $500 to $3,500.

Altogether, you could be looking at $30,000 on top of your deposit, so make sure you budget these amounts into your savings plan so you don’t have any nasty surprises come settlement time.

If you’d like a more detailed breakdown of the costs, take a look at our 'What it costs upfront to buy a home' Home Loan Guide below.

You can get more info about the fees associated with a Tic:Toc home loan here.

Related articles from our Home loan guide

• 

  What it costs upfront to buy a home

  Read full article

• 

  Understanding home loan fees

  Read full article

• 

  What it costs to refinance your home loan

  Read full article

Stamp duty is a state government tax levied on home buyers and it varies depending on the state or territory you’re buying in. It's generally 3-4% of the property’s value. You can use our calculator as a guide. Keep in mind your actual stamp duty cost may vary depending on your own circumstances. Our calculator does not take into account stamp duty exemptions.

Conveyancing is the process of transferring property from one person to another. Conveyancing costs can vary depending on the state or territory you’re buying in and the individual conveyancer you use. We’ve put $1200 as an estimate only based on what we see on average across the industry. Your conveyancing fees can range anywhere from $60 for e-conveyancing all the way up to $2200.

No, our calculator does not take into account stamp duty exemptions. You may be eligible for further exemptions based on your own circumstances (such as income, the state you live in or if you are a first-home buyer). You can click on the state links below to explore what exemptions are available.

NSW

ACT

VIC

QLD

SA

WA

NT

TAS