Stamp Duty Calculator
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Why Do You Need a Stamp Duty Online Calculator?
The time has come to purchase a house; you have your deposit and your pre-approval but do you know how much your stamp duty is? It’s exciting buying a house but most singles and couples forget to factor in stamp duty. With our innovative online stamp duty calculator, the guess work is taken out, so you won’t be shocked when stamp duty comes around!
User Friendly
With easy to use toggles and inputs, our Stamp Duty Calculator is the ideal tool for any home buyer.
Understand Stamp Duty
The perfect place to comprehend how much you will have to spend by adding stamp duty on houses.
Reduces Shock Factor
When purchasing a home, many people don’t factor in stamp duty. Our online calculator ensures you know how much you’re up for!
Real Numbers
Our online calculator gives you accurate results when you add stamp duty to mortgage fees.
Stamp Duty Calculator
Registration Fee
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Transfer Fee
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Stamp Duty Fee
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Transfer Fee
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Important Disclaimer: This is intended as a guide only. Values used in the calculations are subject to change.
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Want to Know More About Stamp Duty?
What is stamp duty and why do I pay it on my property?
Stamp duty is a tax related to property purchases. It is levied by all Australian states and territories. You will likely need to pay stamp duty no matter where you purchase a house or land in Australia. However, there are incentives and discounts available to first home buyers and other categories. Stamp duty essentially covers the cost of transferring the property title and ownership details.
The stamp duty you pay is calculated according to the property purchase price, the location of the property and the purpose of the loan. By knowing how much stamp duty you need to pay, you can better plan your budget for a mortgage. You can include stamp duty costs in the amount borrowed or pay your stamp duty up front to lower your overall mortgage.
How does a stamp duty calculator work?
The Mortgage House stamp duty calculator is just one of the many resources we offer to help you find the right home loan. Other initiatives include our mortgage borrowing calculator, mortgage repayment calculator, budget planner calculator, switching mortgage calculator and best rate mortgage calculator. The stamp duty calculator is easy to use, providing information that will help you budget, while also easing concerns related to additional loan fees and charges.
Stamp duty is based on the value of the property you want to purchase, not how much money you plan to borrow. Simply select the property value on the stamp duty calculator and select the state you are buying the property in. The calculator also factors whether you are purchasing as an owner-occupier or investor. Different property types also attract varying stamp duty payments, so you will need to choose whether your potential purchase is an established property, newly built, off the plan or vacant land. If you are a first home buyer, you are eligible for savings, so make sure you let your bank or lender know.
What about other types of mortgage calculators?
The Mortgage House stamp duty calculator is just one item in your customer toolkit. We have a range of calculators that can help you find a suitable home loan. Our mortgage repayment calculator allows you to find out how much your repayments can be, along with the interest you will pay over the life of your loan. The borrowing calculator provides a guide for accessing a suitable loan amount according to your income and expenses.
The budget planning calculator keeps you on track while saving, making repayments and balancing finances. Our best rate mortgage calculator allows you to compare the range of Mortgage House loans, taking interest and repayment rates into account for choosing a tailored home loan product. The switching mortgage calculator displays payment variables between your present loan and a new one, helping you decide if it’s a good time to switch. Although the calculators are guides, they give a good indication of the varied services available at Mortgage House.
What does stamp duty mean on a residential property such as a house?
Stamp duty, simply put, is a government tax on the residential property you are purchasing. Also called land transfer duty or conveyancing duty, depending on the state you are in, this tax is an upfront payment you must make when you buy a residential property such as a house.
Is stamp duty based on purchase price?
Stamp duty in Australia varies from state to state. Usually calculated at 3-4% of the property value, it will depend on the price of the property, where you live, market value and other factors. Using our Stamp Duty Calculator, NSW and Australia wide will give you a great indication of how much stamp duty you will pay. Understand more about stamp duty here.
When should I pay stamp duty?
Stamp duty is paid when you purchase your residential property. It will need to be paid upfront and in full before you start paying off your mortgage and before you move into your new home.
Can I claim back stamp duty?
In short, you cannot claim your stamp duty back. There are a multitude of things you can claim back on tax if you purchased an investment property but stamp duty is not a tax-deductible expense. It is included in the purchase price, so it could be used to reduce any capital gains.
Is stamp duty covered by mortgage?
Stamp duty is not covered by your mortgage and needs to be paid upfront. A mortgage broker will not add additional loans for stamp duty, moving fees or solicitor fees and you will need to have adequate funds or equity to cover these costs. There are other things you should consider when moving and this article breaks them down here.
How much stamp duty would you pay on a 300 000 house?
There is no definitive answer to this question as it will vary from state to state and many other factors. It could be 2% or it could be 4%, it depends on the market value of the property. The best way to get an estimate is by using our Stamp Duty Calculator by keying in your property price !
At what point does stamp duty have to be paid?
Stamp duty needs to be paid out of your cash deposit at the point of purchase. It needs to be paid in full at the point of buying a house to the relevant state or territory government.
How can I reduce stamp duty on my property?
There is no cheat sheet to lessen your stamp duty. This tax is something that everyone needs to pay when purchasing a property. If you are purchasing a house and land package with a home that’s yet to be built, you will only pay stamp duty on the land but the only way to 100% reduce your stamp duty is to choose a cheaper property or piece of land. The best way to assess how much your stamp duty will be is by using our Stamp Duty Calculator.
What is the stamp duty for first time buyers?
Stamp duty still stands at the same rate as second home buyers or investment buyers. In some states, an exemption applies for first home owners. This is included in the First Home Owners Grant and can wipe stamp duty all together. Many factors are needed to be considered with this exemption such as if your partner has purchased property before. Speak to your Mortgage House representative to see if you qualify!
What are the stamp duty rates after March 2021?
Just like any other tax or government fees, they vary from year to year. These rates also change from state to state in Australia. Check out our Stamp Duty Calculator to better understand how much you might pay on stamp duty.
How much is stamp duty on a house in Australia?
Depending on the property price the location of the property, if you will occupy the property, where you live in Australia and other factors will depend on how much stamp duty you pay. Everyone pays stamp duty so understand how much you might pay by using our online Stamp Duty Calculator.
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What customers say
Before using Mortgage House, we tried another broker who made us feel like we weren't important enough for him to bother dealing with properly, and we always felt like we weren't getting the whole story. Jenny from Mortgage House was completely different. From the very beginning she kept us in the loop of everything that was happening, and always made sure she got back to us in a timely manner. Being completely new to this whole process she answered all questions we had and never made us feel like we were asking a dumb question. I don't think we would have been able to buy our first property without Jenny or Mortgage House. Thanks for everything!
Cannot recommend Michael Richardson from the Sutherland branch enough - he assisted us through the transition of refinancing a mortgage every step of the way. He was always available to talk through the options & guided us wherever he could with the documentation requirements. He visited our house after hours to accommodate us getting through what would normally have been an onerous task for 2 busy working parents trying to save some money on their home loan.
I refinanced and the process couldn't have gone more smoothly, great communication throughout the process made it stress free. All staff very professional and made jargon easy to understand. Not to mention a great highly competitive variable rate that the other lenders couldn't match. Have already highly recommended to friends.
Mortgage House were very helpful. I was extremely nervous about the process of refinancing however, Brij, my consultant made everything easy for me and was really supportive throughout the whole process. The process was also very quick. I would highly recommend Mortgage House.
Why Stump Duty?
When should I pay stamp duty?
Stamp duty is a state tax, with each state setting their own cost. As such, the amount required to pay, along with eligibility, varies across states. The amount to pay can in some cases be double from one state to another, depending on the location and value of the property. Stamp duty is calculated according to the market value of the property rather than the loan amount borrowed for making a purchase.
State Government charges can vary depending on your intended use of the property. Charges differ for owner-occupied properties, first home buyers, and people who have purchased a property before. The Mortgage House stamp duty calculator allows you to switch between states to compare rates in other parts of Australia.
Does stamp duty differ with property types?
It’s important to take relative Australian state stamp duty into consideration when calculating your borrowing power. You will also need to know if your prospective property will be owner-occupied, an investment, a house and land package, or vacant land. For example, if you are purchasing a house and land package, and the house isn’t built yet, you will only pay stamp duty on the land. This can save you thousands of dollars. When exploring Mortgage House calculator options, make sure stamp duty is included, so you will know exactly where you stand.
How can you reduce stamp duty costs?
As with the majority of government taxes and fees, there aren’t many ways to negotiate the amount of stamp duty you will need to pay. You may consider purchasing a less expensive property to bring all costs, including stamp duty, down to affordable levels. The higher the value of your property, the more stamp duty you will be expected to pay. If you are looking for an investment property, you may consider buying in a state that offers lower stamp duty for your intended property purchase type. With an understanding of expected mortgage fees and charges, you will be better equipped to negotiate according to your budget.
How does being a first home buyer affect stamp duty costs?
It’s in the best interest of state governments to make it easier for people to purchase their first home. First home buyers are offered significant stamp duty reductions for most owner-occupier home loan products, and in some instances, you won’t have to pay any stamp duty at all. The experts at Mortgage House have been helping Australians achieve home ownership since 1986, and as one of Australia’s most awarded non-bank lenders, we provide the backing and influence that can save you money during every phase of the mortgage application and home ownership.
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Frequently Asked Questions About Stamp Duty
Is transfer duty different to stamp duty, and how much will I pay?
Transfer duty is simply another name for stamp duty. Once you input your information into the stamp duty calculator you will get a breakdown of fees associated with your specific purchase. If you are buying a house and land package, for example, stamp duty is only payable on the land portion, providing the house is yet to be built. The fees shown are estimates, although they give a good indication of the amount you will need to pay. How much you pay depends on the location of the property, how much the property costs and the type of property you buy.
What is mortgage duty?
Mortgage duty is a fee charged on each mortgage. It isn’t related to stamp duty and has been abolished in most states and territories, although a nominal $5 fee is charged in Queensland for transferring a mortgage.
What is an owner-occupied property?
An owner-occupier is a person who intends to live in the property they purchase. This is the most common form of home loan, although the surge in purchasing investment properties all around Australia continues unabated. Stamp duty is generally less for owner-occupied properties compared to investment properties, which usually also incur slightly higher interest rates to insure lenders against the risk factors involved. Whatever your property objectives are, understanding how stamp duty works can save you money.
Why choose the Mortgage House stamp duty calculator?
The stamp duty calculator and other services provided by Mortgage House transfer the borrowing power into your hands. Once you have a handle on your personal potential, your negotiation skills can shine. We believe in giving you a borrowing advantage by avoiding confusing legal jargon, providing a comprehensive range or mortgage services, and saving you money wherever possible. Your home loan satisfaction is our success, so we remain approachable and on hand to assist wherever possible.
At Mortgage House, we retain the best of personalised service while delivering optimum loan outcomes for all borrowers. It’s no secret that breaking into the housing market can be difficult, and states are focussed on easing prohibitive levels of housing affordability. Every dollar saved will make a difference in the short and long-term, so rather than sugar-coat the situation, Mortgage House helps you get started with a genuine plan for loan application success.
Purchasing a home remains the biggest investment most people make, and getting it right the first time is something to be proud of. Take the time to explore our stamp duty calculator, other mortgage calculators and additional incentives, and you will be on track for making the best possible mortgage choice. We can find you a home loan with a better interest rate, superior features, lower fees and charges, plus other value-added options that all add up to big savings.
