How Much Stamp Duty

How Much Stamp Duty & Other Government Fees Will I Pay

When you purchase a property, either a home to live in, or an investment property there are a number of added costs which must be paid for at, or before you settle the purchase transaction. These vary from State to State and may depend on your personal circumstances and intentions e.g. an owner/occupied versus investment property.  These Government based costs are often referred to as “legal costs”, although they are largely Government duties, fees and charges. These include:

• Stamp Duty on the Purchase Contract;

• Stamp Duty on the Mortgage [in some States];

• Title Registration Fees; and

• Mortgage Registration Fees.

We have prepared a simple calculator, so you can prepare an estimate of your likely costs in purchasing a property. 

In addition to the Government duties, fees and charges, you will incur other costs at settlement, which need to be provided for. These include:

• Title searches, checks & conveyancing costs;

• Valuation and other property assessment costs eg professional building inspection, pest checks etc;

• Insurances – premium costs;

• Mortgage preparation & documentation costs; and

• Legal administrative costs.

Collectively these costs are relatively minor compared with Government duties, fees and charges.

Once you have an idea of your purchase price, contact us and we’ll develop a strategy with you as to how your property might be funded and how much you need to provide for before settlement.