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Stamp Duty on House, Home or Property Purchase

How much could stamp duty on home purchase add to the cost of your property?

Each state or territory has differing stamp duty on property purchases. Stamp duty on house, home or property purchases is a contract tax that is payable on settlement of your new property. When you buy land, which may include buildings, duty payable is based on the market value of the property or the purchase price, whichever is greater.

More information is available on the What is Stamp Duty? page.

How much stamp duty will you have to budget for?

How much is stamp duty in Victoria?

If you want to find out how much is stamp duty or to find out the stamp duty on home, house or property purchases, you can visit the Victorian Governments stamp duty calculator page.

Find out here with the VIctorian Government stamp duty calculator.

Are you eligible for a First Home Buyers stamp duty reduction?

The Victorian Government offers eligible first home buyers a stamp duty reduction when they purchase a new or established home. The first home buyers stamp duty reduction applies where you buy a principal place of residence valued at not more than $600,000. For full details, please see the Victorian Government site - here.

If this seems like information overload, relax, give us a call and we'll explain your entitlements in easy, plain English.

Free Mortgage App - includes calculation on stamp duty payable on house, home or property purchase

Free Mortgage App

There is a range of free mobile apps that help with calculating the real cost of purchasing your property.

One we like is called "TAP Mortgage" It calculates a range of figures for you, including stamp duty payable, mortgage repayments and more!

Find out more about this app and download it here.

 

Want more information about stamp duty?

More information is available on the What is Stamp Duty? page.

If this seems like information overload, relax, give us a call or request a free consultation and we'll explain your entitlements in easy, plain English.

 

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