Understanding stamp duty
Use the stamp duty calculator to guide your decisions
The Costi Cohen stamp duty calculator gives property buyers or property development consultants an estimate of how much duty they’ll need to pay based on property value and location. By entering your details, you’ll receive a quick calculation that shows the duty payable under standard rates. This tool is designed to help you make informed choices and approach your property purchase with greater confidence before engaging professional advice.
If you’d like guidance for your next commercial property investment, reach out to us directly. You can also check out our market updates and resources to get more information about our services, past clients and partners.
What We Do
01
Initial Consultation & Engagement
02
Property Sourcing & Shortlisting
03
Due Diligence & Negotiation
04
Purchase & Ongoing Property Management
approx. of what we purchase is off-market
4-6 weeks
is our average purchase time
11-13% savings
off the asking price is what we achieve for our clients on average
approx. of what we purchase is off market
4-6 weeks
is our average purchase time
11-13% savings
off the asking price is what we achieve for our clients on average
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FAQs
What is stamp duty, and why do I need to pay it?
Stamp duty is a government tax charged on property purchases. It applies when you buy real estate in Australia and is calculated as a percentage of the property’s value. It’s a key cost to plan for when budgeting your purchase.
Do stamp duty rates vary between different states and territories?
Yes. Each state and territory has its own rules, thresholds and rates. This means the amount you pay on a property in New South Wales will differ from what you’d pay in Victoria, Queensland or elsewhere.
How does the stamp duty calculator work?
Residential and commercial property buyers as well as property development consultants can use the calculator to estimate the duty payable based on the property's value and location. By selecting your state or territory and entering the details, you’ll get a breakdown of the standard duty amount.
Does the stamp duty calculator include concessions or exemptions for first-home buyers?
The stamp duty calculator provides an estimate only. It doesn’t factor in special concessions, exemptions or grants that may apply to first-home buyers. These benefits vary between states and territories, so the amount you pay could be lower if you qualify. For exact figures and eligibility criteria, it’s best to check the official state revenue office website or speak directly with a property professional.
Can I use the calculator for investment properties as well as my own home?
Yes. You can use the stamp duty calculator for both investment purchases and owner-occupied homes. This makes it a practical tool when assessing multiple scenarios. Keep in mind that additional surcharges, such as for foreign buyers or certain investment categories, may apply in some cases.
How accurate is the stamp duty estimate from this calculator?
The stamp duty calculator gives you a reliable estimate based on current standard rates, helping you budget with greater confidence. It should still be treated as a guide only, as it doesn’t take into account concessions, exemptions or unique circumstances. For an exact calculation tailored to your situation, refer to your state’s revenue office or seek professional advice.
What other fees should I budget for when buying a property besides stamp duty?
Other common costs include legal fees, mortgage registration fees, transfer fees and building inspections. Depending on the property, you may also face expenses such as strata levies or valuation fees. It’s also worth budgeting for ongoing costs such as insurance and property management. At Costi Cohen, we can help by connecting you with trusted professionals for lease reviews, building inspections and related services, ensuring the process is simplified and you’re well-prepared.