Stamp Duty Calculator


Are you considering property purchase in New South Wales? Stamp duty is an expensive and unavoidable upfront cost. Prepare with our stamp duty calculator!

According to the NSW government, you must pay transfer duty for property purchases that fall within specific categories. Formerly known as stamp duty, the transfer duty refers to upfront costs that are due for home buying but also other types of property purchases, such as a business property.

Additionally, you are also expected to face the costs of land transfer duty if you acquire land without buying it. However, not everyone needs to pay. Indeed, in some circumstances, buyers could be exempt from paying stamp duty. Therefore, before using a calculator to determine your stamp duty, you may want to review what it is and how the duty works.

Stamp Duty

We appreciate that it can be confusing to figure out how much stamp duty is due for payment and even to calculate stamp duty fees. Therefore, we wish to provide home buyers and other property acquirers in New South Wales with a simple guide to understand stamp duty costs. You will also find a handy stamp duty calculator to ensure you can face government costs without any worry.

Essentially, if you are a home buyer making a property purchase in New South Wales, you are expected to pay stamp duty. The stamp duty fee is often associated with residential property. However, it can also affect a different property type, such as commercial or farming property. It’s important to understand that you will also face stamp duty payable for a variety of other purchase scenarios, which are not all property-based. Indeed, the stamp duty fee is also due for:

  • – The purchase of a motor vehicle
  • – Some insurance policies
  • – Business purchases including land
  • – Vacant land

Additionally, you will also need to make transfer fees if you acquire an interest in land without purchasing it. A calculator stamp duty can help you figure out the dutiable value to pay. Yet the first thing to do is to figure out whether you must pay stamp duty fees at all.

Stamp duty is a tax set by the NSW state revenue office that applies to the buyer and not the seller. The clue is in the name, transfer duty: The fee serves to transfer the ownership of the property or another asset to someone else.

The NSW government mentions circumstances in which you can be exempt from paying the transfer fees. Indeed, you may be eligible for a concession or exemption of the stamp duty costs if you are the beneficiary of a deceased estate or if the transfer occurs between a married or a de facto couple.

First home buyers can also apply for a concession or even exemption of paying any stamp duty fees when purchasing a residential property intended as their primary home.

It’s worth noting as well that the government announced plans to remove stamp duty in favour of an annual property tax in November 2020. The property tax proposal progress paper, last updated in June 2021, details the plans to make property purchases more accessible in NSW.

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Understanding the First Home Buyer Assistance Program (FHBAS)

The first home buyer assistance program applies to more than one property type. First home buyers can request concession or example of the stamp duty for:

  • – The purchase of an existing property
  • – The purchase of a new home
  • – The purchase of vacant land intended for home build.

The state revenue office describes the following rates to help determine the duty payable:

New homes and existing homes where the property value in estimated at less than $650,000 are eligible for full exemption.

A residential property with a property value between $650,00 and $800,000 can apply for a concession on the stamp duty based on the value of the property. You can use the stamp duty calculator to figure out your transfer fees.

Similarly, a first home buyer of vacant land with a value of less than $350,000 is exempt from paying stamp duty. If the value is estimated between $350,000 and $450,000, can apply for an off the plan concession. You can also apply for an off the plan deferral for up to 12 months.

The FHBAS is designed to make home buying more accessible in NSW by eliminating the stamp duty upfront fee. However, future home owners will still require applying for a loan and using a budget calculator to handle repayment and other property fees.

Who qualifies for the FHBAS?

The first home buyers’ program doesn’t apply if you are a foreign purchaser. To be eligible, the first home buyer must be over 18 and an Australian citizen or own a permanent residency status valid in New South Wales.

Buyers much purchase the whole property, and the property must he owner occupied as the principal place of residence for 6 months within 12 months of the purchase completion. Defence force personnel is, however, subject to exception depending on professional requirements.

The applicant must be a first time home owner and must not have owned residential property in Australia before. Finally, the property must be purchased by an individual. Trusts and companies are not eligible, yet they can use a commercial loan calculator to finance their stamp duty.

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The NSW stamp duty rates from 1 July 2021 apply as such: The value of the property determines how much stamp duty is due. Yet, transfer duty rates vary depending on standard and premium rates.

The property price will affect how much you have to pay in stamp duty. Yet the stamp duty calculator can help gain a better understanding of your upfront costs.

The fee breakdown a first home buyer faces includes not only the stamp duty but also the transfer fees and additional costs related to mortgage registration.

Can my home loan pay for the stamp duty?

Unfortunately, the answer is no. When applying for a home loan, buyers must also consider their extra costs regarding:

  • – stamp duty
  • – conveyancing fees
  • – ongoing fees for removal and decoration

We recommend using a budget calculator to gain a full overview of the expected costs.

Therefore, it is crucial when purchasing a property to consider more than the property value. The purchase price will only be covered through the home loan. But buyers need to plan their savings carefully to cover all their fees. The stamp duty calculator can help calculate stamp duty and hence determine the right levels of savings to cover both the duty and the essential property deposit.

How do I pay for the stamp duty?

Ideally, buyers should improve and secure their financial situation before considering a property purchase. This will help at different levels.

First of all, improving your credit score will smooth out the process; you can apply online for a home loan faster. More importantly, you can get the lowest interest rates for your home loan repayments. With a higher credit score, it can be easier to find the right home loan for your personal objectives and situation. Bear in mind, however, that a credit calculator may lack flexibility when showcasing interest.

We strongly recommend reaching out to an AFSL and Australian Credit licence institution to receive financial advice on finding the right home loan. It is important to note that while mortgage brokers can provide the best estimated home loan repayments options, they only have an Australian credit licence. Brokers can’t provide additional financial services and guidance to reduce your home loan interest. They can, however, find the lowest interest rates available at any given time.

Applying for a home loan with low interest can enable you to unlock more savings for your stamp duty by keeping manageable repayment amounts. At this point, it’s crucial to use a stamp duty calculator so you understand what you need to pay.


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A lower purchase price will affect the result of the stamp duty calculator. So, it may be worth asking for a more recent market value evaluation in areas where the property value has decreased. Indeed, the calculator will reflect the lower property value and update the stamp duty estimate.

Should I take an additional loan to cover the stamp duty?

You can apply online for a personal loan rather than a home loan. However, it is worth considering the impact that ongoing fees such as extra repayments every month will have on your financial situation. Finance advisors can help you review the risk and feasibility of extra repayments when purchasing a property.

Indeed, applying for more than one loan will affect your credit score, and therefore drive more weight to your extra repayments. Additionally, some loans are subject to strict eligibility criteria, such as blocking access to those who already have a home loan, which means you may not be able to get a loan with low enough interest. To keep your interest low, you may choose to use an offset account, which acts as a transaction account linked to the home loan. The offset account can help reduce the amount of interest, making extra repayments more manageable.

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Additionally, extra repayments can also affect your ability to make mortgage repayments, which could put your home ownership at risk. On top of high interest, you may also be required to pay lenders mortgage insurance if the lenders consider that you may be a risk of not paying off your loan. If you are concerned facing ongoing fees with multiple loan options, it’s a good idea to invest in mortgage insurance as protection. Mortgage insurance acts as a safety net if you are unable to make repayments. This will not prevent the cost of the lenders mortgage insurance, but it will make the necessary payments if you are unable to pay your loan.

No foreign purchaser is exempt from stamp duty on investment properties purchased in NSW. In other words, you definitely want to use a calculator to figure out the stamp duty on each of your investment property. It is worth noting that stamp duty is due for both residential and commercial investment property portfolios.

Even if the property is owner occupied, you can’t require stamp duty example or concession without the obtention of a permanent residency permit.

Foreign investors automatically face an 8% stamp duty surcharge, which you can figure out through the stamp duty calculator. It is worth remembering that the stamp duty regulations can be subject to change at any time, should the New South Wales government wish to encourage more investment property in the region, for instance. Additionally, owner occupied stamp duty fees can also change if new regulations are released on the government website. Therefore, whether you wish to buy an investment property or a residential property, we strongly recommend using a calculator that is fully up-to-date with the legislation.

Different loans options may be available to foreign buyers, which will also require planning and the use of a calculator to review interest, taxes, and repayment costs.

Stamp Duty Calculator

The stamp duty calculator helps you calculate the amount of stamp duty charged on your purchase. Stamp duty is a tax on property transactions and can vary from state to state. The rate of stamp duty will depend on whether the property is your primary residence, the value of the property, and your residency status.

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