Before we jump into costs, 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.
When do you have to pay for it? Well, if your house and land package is valued at less than $430,000, you don’t have to as it won’t attract any stamp duty.
First home buyers purchasing a home valued between $430,001 and $530,000 do have to pay it, however, they do receive a discounted rate. If you’re eligible for the FHOG and plan on living in the home for at least six months then it’s likely you’ll be able to access the concessional stamp duty rates.
Something of a details person? We’ve calculated below what (if any) stamp duty you could be looking at with your 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.
