Understanding Stamp Duty.
Stamp duty is a government tax paid when buying property in Australia. The amount depends on the property’s value, location and whether you’re a first home buyer at an investor. Each state and territory sets its own rules and rates.
For example, buying an investment property in Victoria will attract different rates than in New South Wales or Queensland. Some states offer concessions or exemptions for first home buyers but these rarely apply to investment properties. Stamp Duty can cost tens of thousands of dollars, it’s important to factor it into your overall investment budget. Always check your state or territory’s revenue office website for current rates before commiting to anything.