Why Stamp Duty Matters
Stamp duty is a significant upfront cost when buying property in Australia. Rates and rules vary by state and territory, and understanding them helps you budget accurately. This guide summarises the 2026 stamp duty framework across Australian jurisdictions, including who may be eligible for relief.
State and Territory Stamp Duty Rates
Each Australian state and territory applies its own stamp duty rates and thresholds. The rates are generally progressive, meaning higher-value properties attract higher percentages. Calculation methods also differ, so it is important to check the specific formula for your chosen jurisdiction.
While the exact figures for 2026 are not detailed in this article, the principles of progressive taxation and varying thresholds apply across all states and territories.
Concessions for First-Home Buyers and Foreign Buyers
Many states and territories offer concessions or exemptions for first-home buyers, often targeting entry-level properties. These may include reduced rates or full exemptions up to certain property price caps.
Foreign buyers typically face additional stamp duty surcharges in most states and territories. The surcharge rates and applicable conditions vary, so foreign purchasers should confirm the requirements in the state or territory where they plan to buy.
Frequently Asked Questions
How is stamp duty calculated?
Stamp duty is generally calculated based on the property’s dutiable value, which is usually the purchase price or market value, whichever is higher. The applicable rate and any concessions depend on the state or territory, the property type, and the buyer’s circumstances.
Do first-home buyers always get a stamp duty discount?
No. Concessions vary by state and territory, and not all first-home buyers qualify. Eligibility often depends on factors such as the property price, whether the buyer has previously owned property, and residency requirements.
Are foreign buyers subject to extra stamp duty?
Yes, most Australian states and territories impose an additional stamp duty surcharge on foreign buyers. The rates and conditions differ, so foreign buyers should closely review the rules in the state or territory where they intend to purchase.
Always verify the current stamp duty rates and concessions with the relevant state revenue office, as rules can change and specific circumstances may affect eligibility.