Before we jump into the dollars and cents, let’s cover off what Stamp Duty actually is. Stamp duty (or transfer duty as it is sometimes known) is a government tax you have to pay when purchasing land or property.
However, if you choose a house and land package valued under $430,000, you won’t have to pay any stamp duty. None, zip, nada.
First home buyers eligible for the First Home Owners Grant and purchasing a home valued between $430,001 and $530,000 do have to pay it, but it will be at a discounted rate.
Something of a details person? Here’s how you can calculate what (if any) stamp duty you could be looking at with your chosen house and land package:
Established Property
| Land or Property Value | Duty Payable |
| $0-$430,000 | No duty payable |
| $430,001-$530,000 | $19.19 for every $100 (whole or in part) over $430,000 |
| $530,001+ | Normal residential stamp duty rates apply |
Vacant Land
| Land or Property Value | Duty Payable |
| $0-$300,000 | No duty payable |
| $300,001-$400,000 | $13.01 per every $100 over $300,000 |
*Details correct as of January 2022.
