Home Buying

Stamp Duty

A one-off state government tax on property purchases, with rates and first-home-buyer concessions that vary significantly by state.

Updated July 2026Rates current as of FY2026–27 — state and territory budgets can change thresholds at any time, including mid-yearASIC Guidance

What it is

Stamp duty (transfer duty) is a one-off tax charged by state and territory governments when you buy property, calculated on the property's dutiable value — generally the purchase price. Each state and territory sets its own bracket schedule and first home buyer (FHB) concessions, so the same purchase price can attract very different duty depending on location.

Who it applies to

Anyone purchasing residential or commercial property in Australia. First home buyers may qualify for a concession or full exemption below a state-specific price threshold.

Key figures

NSW first home buyer exemption: Full exemption ≤ $800,000, tapering to $1,000,000
VIC first home buyer exemption: Full exemption ≤ $600,000, tapering to $750,000
QLD first home buyer exemption: Full exemption ≤ $700,000, tapering to $800,000 (raised 9 June 2024)
WA first home buyer exemption: Full exemption ≤ $430,000, tapering to $530,000
ACT first home buyer exemption: Full exemption, no price cap (conveyance duty abolished for eligible buyers from 1 July 2026)
SA and NT: No dedicated first home buyer stamp duty concession

Important limitations

Foreign purchaser surcharges, commercial/industrial rates, and ACT land tax are not covered. Figures are approximate — always confirm the exact amount with your state or territory revenue office before settlement.