Stamp Duty Calculator
How to Use Our Stamp Duty Calculator?
This calculator is designed to provide an estimate of the stamp duty costs associated with your property, based on variables relevant to your situation. Here’s how to use the calculator:
- Input Property Value: Start by selecting the purchase price or the value of the property you are considering.
- Select State or Territory: Choose the state or territory where the property is located. Since stamp duty rates vary across Australia, selecting the correct location will determine an accurate estimation.
- Determine the Purpose: Specify the purpose of the property – whether it’s for residential use (to live in) or as an investment.
- Define Property Type: Indicate the type of property you are purchasing – is it an existing home, a new home, or vacant land.
- First-Time Home Buyer Status: Indicate whether you are a first-time home buyer. Many states and territories offer concessions or exemptions for first-time buyers, which can significantly reduce the amount of stamp duty payable.
Once all these details are entered, the calculator will provide you with an estimated stamp duty cost. For exact figures and advice we recommend consulting with a property expert at Approved Money.
