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When you purchase a property in Australia, you will need to pay Stamp Duty (tax) on both the property value and in some states (or for some particular mortgages), your mortgage amount.
The Property (or Transfer) Stamp Duty payable is based on the market value of the property or the purchase price, whichever is greater. The Mortgage Stamp Duty payable is based on the amount of your home loan.
NOTE: Some States in Australia DO NOT have any Mortgage Stamp Duty at all! It is best you contact a member of the MORE Legal Team to find out which States have stamp duty and those that do not.
Work out how much you'll owe the tax department for Stamp Duty on your home and on the amount you borrow using our Stamp Duty Calculator
If you are eligible for the First Home Owners Grant please note this calculator may not accurately calculate the First Home Plus stamp duty exemption - You should contact a member of the MORE Legal Team for any queries on this.
You might also like to find out how much you can borrow with our mortgage calculator or make a FREE Online Mortgage Enquiry.
CLICK HERE TO RETURN TO THE MAIN MORTGAGE CALCULATORS PAGE
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