Stamp Duty Calculator NSW
Stamp duty calculator NSW calculates stamp duty for properties or land bought in New South Wales (NSW) only. If you wish to calculate stamp duty in other states, please use:
UPDATE: The First Home Buyers Assistance Scheme has expanded in NSW. For contracts that exchange on or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000 and a concessional rate of duty for homes up to $1,000,000. Our NSW stamp duty calculator is updated with all the changes now. Please report any discrepancies.
Updated with 2023 rates.
- Stamp Duty or Property Tax
- NSW Stamp Duty
- Stamp Duty Rates NSW
- Other related fees
- Exemptions and Concessions
- 2017 Stamp Duty Update in New South Wales
- Monthly Property Update - Sydney
- For Conveyancers
- For Mortgage Brokers
Scrapping stamp duty in Australia - would you rather pay:
NEW! Check the most popular property values for New South Wales (detailed monthly statistics via stampdutycalc.com.au).
RP Data Monthly Housing Market Update:
Stamp Duty or annual Property Tax?
The First Home Buyer Choice (FHBC) scheme had a short lifespan as the newly elected NSW government ended the state's optional land tax for first home buyers starting from July 1, 2023. Instead, they introduced higher thresholds for stamp duty exemptions and concessions.
For property sales from 16 January 2023 till July 1, 2023 only:
Eligible first home buyers in NSW can now choose between paying stamp duty upfront or an annual property tax when buying a property for up to $1.5 million.
For purchases made between 11 November 2022 and 15 January 2023, you’ll need to pay stamp duty but you’ll be able to apply for a refund of the stamp duty if you choose to opt in to property tax.
From 16 January 2023 you can opt in to the annual property tax directly and won’t need to pay stamp duty.
Please check our Property Tax Calculator to see how much you would have to pay annually.
2017 Stamp Duty Update in New South Wales
First home buyers in NSW will no longer have to pay stamp duty on both new and existing homes worth up to $650,000. Stamp duty discounts will also apply to properties worth up to $800,000 as part of a major housing affordability package announced by NSW Government on June 1st, 2017. Changes will be introduced on July 1 and our calculator will reflect those changes then.
July 1, 2017 update for NSW:
- Foreign Purchasers surcharge - increase from 4 per cent to 8 per cent - UPDATED!
- New Home Grant Scheme - providing a $5,000 New Home Grant is closed - UPDATED!
- First Home Owner Grant (New Homes) - purchasing a new home worth up to $600,000 - UPDATED!
- First Home Buyers Assistance - no stamp duty for properties up to $650,000 and reduced stamp duty between $650,000 and $800,000 - NOW UPDATED!
Please report any mistakes. Thank you!
NSW Stamp Duty
You are liable to NSW stamp duty if you are involved in a sale or transfer of land (including improvements) or a business in NSW.
A liability for stamp duty arises when the sale or transfer occurs and it is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means. However, if the sale or transfer is effected by a written instrument, liability for stamp duty arises when the instrument is first executed.
Stamp Duty in New South Wales is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.
Stamp Duty charged in New South Wales
The NSW Government charges stamp duty on the following transactions:
- an agreement for the sale or transfer of dutiable property,
- a declaration of trust over dutiable property,
- a surrender of an interest in land in New South Wales,
- a foreclosure of a mortgage over dutiable property,
- a vesting of dutiable property,
- the enlargement of a term in land into a fee simple under section 134 of the Conveyancing Act 1919,
- a vesting of land in New South Wales by statute law, whether inside or outside Australia,
- a lease in respect of which a premium is paid or agreed to be paid.
How much is the stamp duty in NSW?
Stamp duty is calculated based on the market value of your house. You might be eligible for concessions if you are first time buyer and/or buying a house as a primary residence. You need to pay extra 8% if you are foreign resident. Check the current rates below or use our calculator.
Do first home buyers pay stamp duty in NSW?
As a first home buyer you don't pay stamp duty for the property up to $650k (due to First Home Concession Rate). Then you get a discount for properties valued between $650,000 and $800,000. If property worth more than that you pay full stamp duty rates.
When is stamp duty payable in NSW?
In New South Wales you must pay stamp duty within 30 days after the liability arises to pay transfer duty on the transaction.
How much is the stamp duty on a $650,000 house in NSW?
$650,000 is the most popular property value entered into our stamp duty calculator for New South Wales. First Time Buyers purchasing Established Home for Primary Residence pay $0 stamp duty on a $650k house in NSW. And for NON-First Time Buyers stamp duty is - $24,682.
Stamp Duty NSW - Rates
Below is the table of NSW Stamp Duty rates for an Owner Occupied or Investment purchase (as of 1 July 2019):
|Value of property||Rate of duty|
|$0 - $14,000||$1.25 for every $100 or part of the dutiable value|
|$14,001 - $30,000||$175 plus $1.50 for every $100 or part , by which the dutiable value exceeds $14,000|
|$30,001 - $81,000||$415 plus $1.75 for every $100 or part, by which the dutiable value exceeds $30,000|
|$81,001 - $304,000||$1,307 plus $3.50 for every $100 or part, by which the dutiable value exceeds $81,000|
|$304,001 - $1,013,000||$9,112 plus $4.50 for every $100 or part, by which the dutiable value exceeds $304,000|
|over $1,013,000||$41,017 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,013,000|
|over $3,040,000||$152,502 plus $7.00 for every $100 or part, by which the dutiable value of the residential property exceeds $3,040,000.|
Other Related Fees
Mortgage Registration Fee: $165.40
Land Transfer Fee: $165.40
Stamp Duty NSW - exemptions and concessions
First Home Buyer Concessions
As an incentive for first home buyers New South Wales Government offer stamp duty concessions to first home purchasers:.
- For Residential Home - You do not have to pay stamp duty on the purchase of a home up to $550,000. There is also First Home Plus concession on a home between $550,000 and $650,000 - multiply the purchase price by 0.2474 and subtract $136,070 (or use our calculator).
- For a Vacant Land - You do not have to pay stamp duty on the purchase of vacant land up to $350,000. The First Home Plus concession is available on land between $350,000 and $450,000 - multiply the purchase price by 0.1574 and then subtract $55,090. (or use our calculator)
On 6th September 2011 the NSW State Government announced that as of 1st January 2012 stamp duty concessions will only be available to first home buyers purchasing a brand new home or vacant land intended to be used as a site for a first home. So purchasers of established properties will no longer receive a stamp duty concession as of 1st January 2012.
First Home Owner Grant (New Homes) Scheme
First Home Owner Grant (New Homes) Scheme started from 1 October 2012 has replaced the old First Home Owner Grant Scheme. The new scheme will only apply to first home owners who purchase or build a new home valued at up to $650,000. The grant will be $15,000 from 1 October 2012 to 31 December 2013 and will reduce to $10,000 from 1 January 2014.
From July 1, 2017 the value of a new home has been reduced to $600,000 by NSW Government.
Stamp Duty Calculator NSW
If you want to compare stamp duty in New South Wales with other states please use our stamp duty calculator.