Canberra & Perth
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Canberra & Perth
It is a paramount cost associated with buying a home. In essence, it is a levy imposed by the government for the transfer of ownership of home, land or commercial property.
Usually, it costs about 3-4% of the property’s price. Nevertheless, it is important to note that stamp duty rates are subject to variation across different states and are significantly influenced by the value of the property in question. Additionally, the determination of stamp duty rates may also be affected by other variables, including the location and the specific type of property being acquired.
In Western Australia (WA), you can avoid paying stamp duty when purchasing your first home if it is valued under $430,000.
In the Australian Capital Territory (ACT), first home buyers with an annual income below $170,000 can waive stamp duty for an owner-occupied property valued under $1,000,000.
