Stamp Duty Discounts

When purchasing property, there are a number of different transactions that generally require payment of stamp duty. Stamp duty is payable in all states, but as a first home buyer you may be entitled to generous concessions or exemptions on some or all of these fees.

Transfer Stamp Duty

Transfer Stamp Duty is payable to your State Government on the purchase price of the property. It's generally due between the date of settlement and three months after the exchange of contracts. Check your contract for confirmation of due dates.

Mortgage Stamp Duty

Mortgage Stamp Duty is payable to State Government on the amount secured by your mortgage. It's generally due upon settlement.

Mortgage Registration Fee

A Mortgage Registration Fee is payable when a mortgage is either established or discharged against a property.

information for your state

These taxes/fees are state government- based fees and are applied according to the law of the state where the property is (i.e. not the property that you live in, if you reside in another state). Each state government calculates these fees differently.

NSW (02) 9685 2122 www.osr.nsw.gov.au	VIC (03) 9628 6777 www.sro.vic.gov.au	QLD (07) 3227 8733 www.osr.qld.gov.au
WA (08) 9262 1400 www.dtf.wa.gov.au	SA (08) 8266 3750 www.revenuesa.sa.gov.au	TAS (03) 6233 4976 www.treasury.tas.gov.au
ACT (02) 6207 0029 www.act.gov.au	NT (08) 8999 6683 www.nt.gov.au

Queensland first home buyers save on stamp duty

Queensland first homebuyers will find that it is easier to get into the property market as the State Government abolished stamp duty on homes up to $500,000 in value on September 1 2008.

For more information on stamp duty discounts

For full disclosure on any stamp duty concession entitlements, contact your state government. You can also talk to your local mortgage broker and we will return your enquiry within 2 business hours. Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.