Stamp Duty Calculator — New South Wales

The FHBAS is a NSW Government concession that gives first home buyers a full exemption from transfer duty on properties up to $800,000, and a sliding-scale concession on properties between $800,000 and $1,000,000.

To qualify: you must be 18+, an Australian citizen or permanent resident, never owned property in Australia before, and intend to live in the property for at least 12 months within 12 months of settlement.

Apply through your conveyancer at settlement, or directly via Revenue NSW.

Approximately $40,335 for a non-first-home-buyer at $1,000,000. First home buyers above the FHBAS threshold ($1m+) pay the same as standard buyers — there's no concession for properties over $1m.

Above $3.5 million, NSW applies a premium rate of 7% on the portion over that threshold.

The First Home Buyer Choice scheme (which let buyers opt for annual property tax instead of stamp duty) was repealed in 2023. NSW no longer offers this option for new purchases.

Stamp duty (also called transfer duty or conveyance duty) is a one-off tax you pay to your state or territory government when you buy property. It's calculated as a percentage of the purchase price, with rates and thresholds set by each state — there is no federal stamp duty.

For most homebuyers, stamp duty is the largest upfront cost after the deposit, often $20,000–$50,000+ for a typical home.

It depends on your state and the property price. Most states have full or partial exemptions for first home buyers up to a price cap:

• NSW: No duty up to $800,000 (sliding to $1,000,000)
• VIC: No duty up to $600,000 (sliding to $750,000)
• QLD: No duty up to $700,000 (sliding to $800,000) since May 2024
• SA: No duty for new homes (no price cap, since June 2024)
• WA: No duty up to $450,000 (sliding to $600,000)

Use the calculator above with "First home buyer" selected to see your exact amount.

Stamp duty is typically due within 30 to 90 days of contract signing or settlement, depending on the state. Most buyers pay it at settlement through their conveyancer or solicitor, who handles it as part of the property transfer.

You can't roll stamp duty into your home loan as such — it must be paid in cash or from your savings — but some lenders allow you to borrow the equivalent against equity if you have it.