Preparing to take the leap of faith and buy your first home? You can find out how much stamp duty you’ll need to pay with our handy calculator that will crunch the numbers based on the state you live in and the price of your property.
Calculations valid for 2020-2021 financial year
Includes duty discounts for first home buyers but does not include state or federal grants
Some states may give further discounts or exemptions in certain circumstances
What next?
Check out some top home loan offers, read up on all things home loans or check out our other calculators
1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR
A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required. Winner of two Mozo Expert's Choice Award for 2021.
A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required. Winner of two Mozo Expert's Choice Award for 2021.
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$0 fees and easy application. Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
$0 fees and easy application. Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
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Fixed, Owner Occupier, Principal & Interest, LVR<70%
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Read our Mozo Review to learn more about the Basic Home Loan
<60% LVR, Owner Occupier, Principal & Interest
Fast and efficient online application. Automatic discounts as loan is paid off. Free extra repayments and redraw facility. Zero fees to consider. Min 40% deposit required. Winner of three Mozo Expert's Choice Award for 2021.
Fast and efficient online application. Automatic discounts as loan is paid off. Free extra repayments and redraw facility. Zero fees to consider. Min 40% deposit required. Winner of three Mozo Expert's Choice Award for 2021.
Read our Mozo Review to learn more about the Celebrate Variable Home Loan
Owner Occupier, Principal & Interest
Award-winning low rate home loan that could save you thousands. No application or ongoing fees, fee-free redraws, unlimited additional repayments and an optional offset account for $10/month. Minimum 10% deposit. Winner of Mozo’s Experts Choice Award for Online Home Lender of the Year 2021.^
Award-winning low rate home loan that could save you thousands. No application or ongoing fees, fee-free redraws, unlimited additional repayments and an optional offset account for $10/month. Minimum 10% deposit. Winner of Mozo’s Experts Choice Award for Online Home Lender of the Year 2021.^
Read our Mozo Review to learn more about the Fixed Home Loan
Owner Occupier, Principal & Interest
Great fixed low rate. Ability to split your loan between fixed and variable. Insurance discounts and $0 credit card or personal loan fee available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Enjoy local branches and call centre.
Great fixed low rate. Ability to split your loan between fixed and variable. Insurance discounts and $0 credit card or personal loan fee available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Enjoy local branches and call centre.
Read our Mozo Review to learn more about the Special Fixed Rate Home Loan
Owner Occupier, LVR <80%, 300k+
Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.
Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.
Read our Mozo Review to learn more about the Special Offer Reward Me Fixed Rate Home Loan
Owner Occupier, Principal & Interest, LVR <80%
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed. Offset Home Loan winner in the Mozo Expert's Choice Award for 2021.
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed. Offset Home Loan winner in the Mozo Expert's Choice Award for 2021.
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Owner Occupier, Principal & Interest, <80% LVR
Have the certainty of fixed repayments with a competitive rate from BOQ. Flexible repayment options available and make up to $5,000 in additional repayments annually. $3,000 cashback when you refinance your home loan to BOQ (min. $250k lending, max 80% LVR, T&Cs apply). Fixed Rate Home Loan Winner in the Mozo Expert's Choice Award for 2021.
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LVR <80%, Owner Occupier, Principal & Interest
A People’s Choice 3 year fixed home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate. There are no restrictions to the number of loans you can combine on a package. Lock in a competitive fixed interest rate with People’s Choice.
A People’s Choice 3 year fixed home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate. There are no restrictions to the number of loans you can combine on a package. Lock in a competitive fixed interest rate with People’s Choice.
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Owner Occupier, Principal & Interest, Refinance Only, <60% LVR
An exceptional low rate for owner occupiers with 40% or more equity in their home. No ongoing fees. Unlimited additional repayments with free online redraws. loan size $150k to $750k, no construction loans. Metro Areas Only.
An exceptional low rate for owner occupiers with 40% or more equity in their home. No ongoing fees. Unlimited additional repayments with free online redraws. loan size $150k to $750k, no construction loans. Metro Areas Only.
Read our Mozo Review to learn more about the Star Gold Home Loan
LVR<80%, over $150k
Get one of the lowest rates on the market with this fixed rate mortgage. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only. Mozo Experts Choice Awards - Home Lender Bank of the Year 2020.
Get one of the lowest rates on the market with this fixed rate mortgage. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only. Mozo Experts Choice Awards - Home Lender Bank of the Year 2020.
Read our Mozo Review to learn more about the Discount Great Rate Home Loan
Owner Occupier, Principal & Interest, <60% LVR
Get smart, flexible and cost-effective rates from homeloans.com.au. Complimentary 100% offset account and free online redraw. Unlimited additional repayments. Zero application or annual fees. Fast online application process.
Get smart, flexible and cost-effective rates from homeloans.com.au. Complimentary 100% offset account and free online redraw. Unlimited additional repayments. Zero application or annual fees. Fast online application process.
Read our Mozo Review to learn more about the Low Rate Home Loan
Owner Occupier, Principal & Interest, LVR <80%
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Refinancers borrowing $250,000 or more will receive $3288 (T&Cs, eligibility and lending criteria apply).
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Refinancers borrowing $250,000 or more will receive $3288 (T&Cs, eligibility and lending criteria apply).
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Owner Occupier, Principal & Interest, <80% LVR
Competitive low rates starting from 1.89% (2.85% comparison rate) 2 years fixed for owner occupiers. No monthly account keeping fees & No loan establishment fee.
Competitive low rates starting from 1.89% (2.85% comparison rate) 2 years fixed for owner occupiers. No monthly account keeping fees & No loan establishment fee.
Read our Mozo Review to learn more about the Fixed Home Loan Special Offer
Fixed, Owner Occupier, Principal & Interest, LVR 70-80%
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Read our Mozo Review to learn more about the Basic Home Loan
Owner Occupier, Principal & Interest, LVR <60%
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process. 40% deposit required.
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process. 40% deposit required.
Read our Mozo Review to learn more about the Neat Home Loan
LVR<80%, Owner Occupier, Principal & Interest
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.
Read our Mozo Review to learn more about the Back to Basics Special
70-80% LVR, Owner Occupier, Principal & Interest
Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. To reward borrowers for paying down their home loan, Athena will now automatically lower the rate as the loan is paid down. Winner of three Mozo Expert's Choice Award for 2021.
Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. To reward borrowers for paying down their home loan, Athena will now automatically lower the rate as the loan is paid down. Winner of three Mozo Expert's Choice Award for 2021.
Read our Mozo Review to learn more about the Liberate Variable Home Loan
Owner Occupier, Principal & Interest, LVR <70%
A competitive rate for Aussies looking for a fast and flexible home loan. No credit scoring or ongoing fees. Extra repayments and redraw available. Get a dedicated specialist for the loan application process.
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Read our Mozo Review to learn more about the Prime Home Loan
Owner Occupier, Principal & Interest
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
Read our Mozo Review to learn more about the Smart Home Loan 80
^See information about the Mozo Experts Choice Home loans Awards
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Stamp duty is calculated based on the rates, exemptions and concessions that are operating in the state you’re buying your first home. Generally, the more expensive your prospective property, the more you’re likely to pay in stamp duty because it’s charged at tiered rates but there are also exemptions and concessions - especially for first home buyers - which is why our stamp duty calculator is definitely worth using when budgeting for your first home.
To help you get your foot in the door, the majority of state governments - minus Tasmania and the Northern Territory - have made concessions or in some cases, complete stamp duty exemptions for first home buyers. Check out what kind of discount you can score on your stamp duty below.
New South Wales
The First Home Buyers Assistance scheme currently on offer in New South Wales gives first home buyers like yourself a total exemption on new and existing homes up to the value of $650,000 and concessions for homes - both new and existing - valued between $650,000 and $800,000. If you’re buying vacant land in New South Wales, you can score a total stamp duty exemption on land valued under $350,000 and concessions on land worth up to $450,000.
Victoria
The Victorian Government will give you a total stamp duty exemption as a first home buyer if you’re buying a new or existing property worth up to $600,000. After that, you’re able to claim a stamp duty concession for properties worth up to $750,000.
Queensland
First home buyers in the Sunshine State will be able to apply for a stamp duty concession so long as their new or existing home is worth less than $550,000. As for vacant land, as long as you’re spending less than $400,000, concessions apply. It’s worth noting that even if you’re spending more than these caps, the Queensland Government have a general stamp duty concession scheme for all home buyers which might apply to you.
Western Australia
First home buyers in Western Australia won’t pay a cent in stamp duty on homes - new or existing - valued under $430,000. After that, you’re paying a concessionary rate of $19.19 per $100 for properties valued up to $530,000. You’ll also be able to claim a total exemption on vacant land worth less than $300,000 and pay a concessional stamp duty rate of of $13.01 for every $100 over that, up to the value of $400,000.
South Australia
First home buyers in SA can nab a partial stamp duty concession for off-the-plan apartments purchased as long as contracts were entered into by the 1st of July 2014 and before 30th of June 2018 and is capped at a $500,000 property value.
ACT
If you’re looking to call Australia’s capital territory home, you can receive exemptions on new homes and vacant land. For example, you won’t be required to pay any stamp duty on new homes worth less than $470,000 with concessions available thereafter, up to the value of $607,000. And if you’re in the market for a vacant land as your first ever property purchase, you won’t pay a cent in stamp duty on land up to the value of $281,200 and concessions up to $329,500.
This might all seem a little hard to keep up with, but the good news is that our stamp duty calculators take all of these discounts into account. Just make sure you’ve selected the right state and ticked the first home buyer box and we’ll factor in any concessions or exemptions that could apply to you.
To help you figure out just how these concessions apply to a first home buyer, consider the following first home buying scenario.
Sally and Steven have saved enough to get their foot in the door of their first home in Sydney’s south-west. Their new Wattle Grove home has three bedrooms, is super close to the local shops and has a sale price of $700,000 and while they’ve got the deposit under control, they’re not quite sure of how much that will add up to in stamp duty charges.
Using Mozo’s stamp duty calculator, a $700,000 existing building in NSW would cost a first home buyer who plans on using the property as their primary place of residence $10,768 in total stamp duty charges, including a $139 mortgage registration fee and a $139 transfer fee.
Just remember that, because we’ve used our super-smart stamp duty calculator, this sum already includes the NSW government’s stamp duty concessions for first home buyers, but doesn’t take into account any grants.
Outside of stamp duty exemptions or concessions for being a first home buyer, you’re able to score some pretty sweet grants that will make your first home buying experience that little bit more affordable. While we don’t take these grants into account when it comes to running our stamp duty calculations, you can find out what’s on offer in your state, below.
New South Wales
Victoria
Queensland
Western Australia
South Australia
ACT
Northern Territory
Tasmania
What our first home buyer stamp duty calculator gives you is a full breakdown of the costs associated with your stamp duty bill - not just the stamp duty fee itself - so that you can have a clearer idea of what you’ll need to budget for.
Stamp duty rates aside, you’ll also have to stump up a mortgage registration fee, unless you’re buying your first home completely out of your own pocket, meaning you don’t need a home loan. This is a flat fee for registering your new mortgage with the state government.
The other notable charge is a transfer fee which you’re asked to pay to transfer the title of your new home. Depending on the state you live in, this may be a percentage of the value of the property or a flat fee.
Yes, you’ll have to be a genuine first home buyer if you want to get a stamp duty exemption or grant, and not an investor. This means that some states will impose a minimum amount of time you have to live in your new home to be eligible for the grant, concession or exemption so check these conditions out if you’re thinking of renting the property in the future.
Definitely, the First Home Super Saver Scheme is a Federal Government initiative so its available to all Aussie first home buyers as of July 1st, 2018. It works by sacrificing up to $15,000 a year out of your salary, directly into your super account (on top of the mandatory annual 9.5% compulsory super contribution amount), where it accrues interest quicker than it would in a regular savings account. Once your super savings stash reaches the $30,000 cap you can then withdraw it and put it towards your first home deposit.
If you want to learn a little more about the scheme and all of its benefits, you can find out the finer details using our Guide to the First Home Super Saver Scheme.
Yes, unlike a host of other home buying expenses, you’re required to pay your stamp duty up front and in-full to the state government in which you’re buying. The good news is that many home loan lenders will cover the state government fee upfront and give you the option to roll it into your mortgage. Just keep in mind that this means your overall home loan amount will be more and therefore so will your LVR, which might mean you’re having to pay Lenders Mortgage Insurance.
Want to get your head around the other costs that come with your first home as well as a load of helpful tips on how to manage your first property purchasing experience? Check out our first home buying guides section.