Stamp Duty is a state government tax and one of your biggest costs when buying a home or investment property. It’s a one-off cost based on the purchase price of the property and generally paid prior to settlement.
First home buyers may be exempt from Stamp Duty or entitled to a rebate or concession such as the First Home Owner Grant.
You can increase your home loan to cover the costs of Stamp Duty and we will release the funds when you need them (conditions apply). If you are a property investor, you are unable to claim Stamp Duty as an expense and it is included in the cost of the property when calculating capital gains.
You can use our Stamp Duty calculator to help you estimate the total costs of buying a property, based on the purchase price and loan amount you plan to borrow.