Stamp duty is set by each state and territory, so the same price can mean thousands of dollars more or less.
Stamp duty, officially transfer duty, is a tax each state and territory charges when property changes hands. It is paid by the buyer, usually at settlement. Each revenue office has its own table, and the amount depends on the price, the type of buyer and whether concessions apply.
Duty on a $700,000 purchase, general rates
State or territory
Transfer duty
New South Wales
$25,687
Victoria
$37,070
Queensland
$24,525
South Australia
$32,330
Western Australia
$27,265
Tasmania
$26,747.50
Australian Capital Territory (not an owner-occupier)
$20,040
Northern Territory
Use the Territory Revenue Office calculator
💡 Pro Tip: Rates in the ACT for an eligible owner-occupier are lower, $17,048 on the same price, and Queensland's home concession rates give $17,350. Foreign buyers pay extra in several states. Check the state revenue office for your own situation.
What changes the amount
First home buyers can receive exemptions or concessions in every state, and the price limits and rules differ. Some states have lower rates for the home you live in, and some add surcharges for foreign purchasers or for expensive homes, such as New South Wales premium duty above $3,870,000. The ACT removed its price limit for the Home Buyer Concession Scheme from 1 July 2026. Always check the state revenue office before you budget.
How the calculation works
1
Find your band
Look up the row of the state's table that contains the price. For $700,000 in New South Wales that is the row from $387,001 to $1,290,000.
2
Add the fixed amount
That row has a fixed amount. In New South Wales it is $11,602.
3
Add the rate on the part above the band start
4.5% of the $313,000 above $387,000 is $14,085.
4
Total
$11,602 + $14,085 = $25,687 of transfer duty.
✨ Key Takeaways
Each state sets its own duty table.
Concessions for first home buyers and owner-occupiers can change the amount a lot.
Always check the state revenue office for the current rates.
Budget for duty as well as the deposit.
Sources and checks
Our figures and rules follow these official sources:
General rates only. First home buyer concessions, foreign purchaser surcharges and the Northern Territory are not included. The ACT table shown is the one for transactions on or after 1 July 2025.
Figures last checked: 30 October 2026. Spotted a mistake? Tell us.
