Stamp Duty
Stamp duty is a government tax paid when purchasing a property in Australia.
Quick Reference:
Government Tax. Varies on each Property. Set by State governments.
Expanded Explanation:
Stamp duty is a major upfront cost when buying property. Each state and territory in Australia sets its own rates, and the amount depends on the property’s price, location and whether it’s your first home or an investment. Stamp duty can cost tens of thousands of dollars, it’s important to factor it into your budget before buying. Always check current rates through the releveant state revenue office website.