Avoid unexpected fees when purchasing a property. Stamp duty charges are government fees that are paid as part of the property purchase process.
There are a few different types of stamp duty you may need to pay. We have put together a short list of government fees to consider when budgeting for your new home.
Property Transfer Stamp Duty
Transfer stamp duty is payable to your State Government on the purchase price of your property and covers the transfer of title of the property from one person to another.
The rate of duty you pay will vary depending on the state you are buying in, some states and territories may charge a set fee while others are on a sliding scale. You can check your stamp duty requirements using our Stamp Duty Calculator.
Stamp duty is generally due prior to the date of settlement.
Mortgage Registration Fee
The mortgage registration fee is payable when a mortgage is either established or discharged against a property and is an administrative charge imposed by the land titles office in each state or territory for registering the lenders mortgage on the title record for the property.
Check Your Stamp Duty Costs
Mortgage Stamp Duty
In some states a mortgage stamp duty is a charge levelled on the amount of money you borrow to purchase property.
Where applicable, mortgage stamp duty is payable to your State Government upon settlement.
Stamp Duty Concessions
You may be eligible for stamp duty concessions. Stamp duty concessions are available to first home buyers or in some cases if the property is your principal place of residence.
Stamp duty concessions vary in each state, talk to a Loan Market Mortgage broker about your eligibility for any first home buyer stamp duty concessions.
Stamp Duty in your State or Territory
The NSW Government has introduced a range of stamp duty concessions for eligible property buyers and first home buyers.