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Stamp Duty
Owner Occupied
If a property is to be the principle place of residence for a period of not less than six months after settlement, the Stamp Duty will be as follows:
| Purchase Price/Value |
Duty |
| Up to $300,000 |
1% of purchase
price |
| $300,001 to $550,000 |
$3,000.00 + 3.5% of the balance
over $300,000 |
| Over $500,000 |
$11,250 + 3.75%
of the balance over $500,000 |
First Home Owner
If the property being purchased is the first home you have owned in Australia Investment Property/Vacant Land
| Purchase Price/Value |
Rebate |
| Up to $250,000 |
No duty payable |
| $250,000 to $259,999 |
$2500.00 |
| $260,000 to $269,999 |
$2400.00 |
| $270,000 to $279,999 |
$2300.00 |
| Over $500,000 |
Nil |
If the property being purchased is not to be owner occupied the following rates apply:
| Purchase Price/Value |
Duty |
| Up to $20,000 |
$1.5% |
| $20,001 to $50,000 |
$300 + 2.25% of
the balance over $20,000 |
| $50,001 to $100,000 |
$975 + 2.75% of
the balance over $50,000 |
| $100,001 to $250,000 |
$2,350 + 3.25% of
the balance over $100,000 |
| $250,001 to $500,000 |
$7,225 + 3.5% of
the balance over $250,000 |
| Over $500,00 |
$15,975 + 3.75%
of the balance over $500,000 |
Please do not hesitate to contact our office should you require us to calculate the stamp duty amount. Please note we reserve the right to amend the outgoings herein should the relevant Government Departments increase their fees.
For further information or to arrange an appointment please email, make an online enquiry or call us today on 5574 0222.
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