$1,000,000 is the most popular property value entered into our stamp duty calculator for NSW this year so far. This amount is #2 in ACT and Northern Territory, #3 in Victoria and Tasmania, #5 in South Australia, #7 in Queensland and #8 in WA. So how much stamp duty tax is in each of these states if you want to buy 1 million dollar house?
Here's the table of stamp duty payable on 1 million dollar house for each state.
Stamp Duty on $1 Million:
|State||Stamp Duty Payable|
You pay least tax in Queensland! Yay! Everyone let's move to Queensland!
We should note we used a scenario where buyer is NOT a First Time Buyer and purchasing Established Home for Primary Residence. If you are Foreign Purchaser you will pay extra in some states. Also amount may differ if you select different options.
Please use our stamp duty calculator to see what you should pay for your situation.