Stamp Duty Calculator First Home Buyer

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.

Is the property vacant land?

Calculations valid for 2021-2022 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

Home loan comparisons on Mozo

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure.
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    Mozo Experts Choice 2021
    Smart Booster Home Loan

    2 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

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    Initial monthly repayment
    1.85% p.a.variable for 24 months and then 2.25% p.a. variable
    2.21% p.a.

    New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.

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    UHomeLoan

    Owner Occupier, Principal & Interest

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    Initial monthly repayment
    1.95% p.a.
    fixed 3 years
    2.27% p.a.

    $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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    Mozo Experts Choice 2021
    Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

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    1.99% p.a. variable
    1.99% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.

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    Variable Home Loan

    Owner Occupier, Principal & Interest

    interest rate
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    Initial monthly repayment
    1.99% p.a. variable
    1.99% p.a.

    Refinance only. Super-fast digital application process. Zero upfront fees. No on-going service fees. Free 100% offset sub account. Comes with Visa debit card and the ability to use digital wallets; Apple and Google Pay. 25% deposit required.

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    Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR<70%

    interest rate
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    Initial monthly repayment
    2.09% p.a.
    fixed 3 years
    2.32% p.a.

    No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.

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    Mozo Experts Choice 2021
    Variable Home Loan Special

    Owner Occupier, Principal & Interest, LVR <70%

    interest rate
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    Initial monthly repayment
    1.99% p.a. variable
    2.02% p.a.

    Special rate applies to home loan applications submitted by 31 October 2021. Unlimited additional repayments, free redraw, 100% offset account. 30% deposit required. Simple online application. Low Cost Home Loan winner in the Mozo Expert's Choice Awards for 2021.

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    Equity Plus

    Owner Occupier, Principal & Interest, LVR <60%

    interest rate
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    Initial monthly repayment
    1.87% p.a. variable
    1.90% p.a.

    Low rate variable home loan with optional offset. Free online redraw. No valuation fee. Purchase, refinance or equity release purposes allowed. Min 40% deposit.

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  • Hot Deal$3,000 cashback offer when you refinance your home loan to BOQ. To qualify, apply by 29 August 2021, T&Cs apply.
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    Mozo Experts Choice 2021
    Discount Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
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    Initial monthly repayment
    1.99% p.a.
    fixed 2 years
    3.07% p.a.

    Lock in a competitive rate for 2 years. Only 20% deposit required. Flexible repayment options and make up to $5,000 in additional repayments annually. Refinance to BOQ by 29 August, 2021 and get $3,000 cashback(T&Cs apply).

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    UHomeLoan (1 Yr Fixed)

    Owner Occupier, Principal & Interest

    interest rate
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    Initial monthly repayment
    1.79% p.a.
    fixed 1 year
    2.32% p.a.

    Fast, easy to apply and no ongoing fees. Choose between weekly, fortnightly or monthly repayments. 1 year fixed rates are for new Owner Occupier Principal & Interest loans.

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    First Rate Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
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    Initial monthly repayment
    2.84% p.a. variable
    2.89% p.a.

    This home loan from Bank First offers owner occupiers a competitive variable rate, plus a number of additional features. Enjoy flexible repayments, no ongoing fees and our low variable rate.

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    Special Fixed Rate Home Loan

    Owner Occupier, Principal & Interest

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    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    3.67% p.a.

    Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for home loans over $250k with at least a 20% deposit when refinancing to Newcastle Permanent.

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    Basic Home Loan

    Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.29% p.a. variable
    2.29% p.a.

    Competitive low variable rate. No application or account management fees. Flexibility to split your loan and set different repayment types. Fee free withdrawals of your savings.

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    Mozo Experts Choice 2021
    Fixed Rate Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a.
    fixed 3 years
    2.59% p.a.

    Competitive fixed rates across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year). Winner of Australia's Best Large Mutual Bank 2021.

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    Well Balanced Fixed

    Owner Occupier, Principal & Interest, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    1.84% p.a.
    fixed 1 year
    2.01% p.a.

    Super low fixed rate and only 20% deposit required. Optional 100% offset account. Free extra repayments and redraw facility. Flexible repayment schedule.

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    Mozo Experts Choice 2021
    Liberate Variable Home Loan

    70-80% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.19% p.a. variable
    2.08% p.a.

    Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. Athena automatically lowers the rate as the loan is paid down. Winner of three Mozo Expert's Choice Awards for 2021.

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    Green Home Loan

    Owner Occupier

    interest rate
    comparison rate
    Initial monthly repayment
    2.08% p.a. variable
    2.36% p.a.

    Great low rate on investment loans when you package with your owner-occupied loan.

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  • placeholder
    Fixed Home Loan Special Offer

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    2.85% p.a.

    Competitive low fixed rates for owner occupiers. No monthly account keeping or loan establishment fees. 20% deposit required. Get $3K cash when you refinance to a Suncorp Bank home loan of $750K+ with LVR <= 90%. Apply by 31/08/21, settle by 31/08/21. (T&Cs apply).

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    Variable Home Loan

    Owner Occupier, Interest Only

    interest rate
    comparison rate
    Initial monthly repayment
    2.49% p.a. variable
    2.17% p.a.

    Refinance only. Super-fast digital application process. Zero upfront fees. No on-going service fees. Free 100% offset sub account. Comes with Visa debit card and the ability to use digital wallets; Apple and Google Pay. 25% deposit required.

    Go to site
    Details
  • placeholder
    Smart Home Loan 80

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.48% p.a. variable
    2.50% p.a.

    Low-rate variable home loan that could save you thousands. No ongoing fees. Unlimited extra repayments and free redraws. Maximum borrowing $1 million and at least a 20% deposit required.

    Go to site
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^See information about the Mozo Experts Choice Home loans Awards

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Home loan resources

First home buyer stamp duty FAQs

  1. Stamp duty in Australia is a one-time government fee that applies when you buy land or property, regardless of whether you plan to use it as your first home or an investment. This sum can often reach into the tens of thousands of dollars and changes depending on whether you’re a Victorian on the hunt for your first home in Geelong or a Queenslander looking to snag an apartment close Brisbane’s CBD.
  2. So find out what exemptions you can nab, who you’ll be paying and what else you need to look into before you buy your first home with our handy first home buyer FAQs section below.

How do I know how much I’ll need to pay in stamp duty?

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.

What stamp duty discounts are available in each Australian state or territory?

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.

Can I save money on stamp duty as a first home buyer?

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.

What other first home buyer grants exist in my state?

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

  • $10,000 for building a new home (up to the value of $750,000)
  • $10,000 for purchasing a new home (up to the value of $600,000)

Victoria

  • $10,000 for new homes in metropolitan areas (up to the value of $750,000)
  • $20,000 for new homes in regional areas (up to the value of $750,000)

Queensland

  • $15,000 or $20,000 depending on the date of your property contract for building a new house, unit or townhouse (up to the value of $750,000)

Western Australia

  • $10,000 for new homes (up to the value of $750,000 in Perth’s metropolitan areas and $1,000,000 in regional areas)

South Australia

  • $15,000 for new homes (up to the value of $575,000)

ACT

  • $7,500 for new, substantially renovated, or off-the-plan properties (up to the value of $750,000)

Northern Territory

  • $26,000 off your first home, without any pricing restrictions

Tasmania

  • $20,000 off your new home, off-the-plan home or owner/builder home, up until the 30th June 2018
  • $10,000 thereafter

How is my stamp duty bill broken down?

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.

Do I have to live in my new home to get a first home buyer stamp duty exemption or grant?

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.

I’ve heard about the First Home Super Saver Scheme - can I use it?

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.

Do I have to pay stamp duty upfront?

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.