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Rate of duty according to the Duties Act 2000

Eligible first-home owners who enter into a contract to buy a principal place of residence (PPR) valued at not more than $600,000 on or after 1 July 2017 will not have to pay duty on their purchase. 

If the dutiable value value is more than $600,000 but not more than $750,000, you will pay a concessionary amount of duty. The concession applies on a sliding scale. The closer the dutiable value is to $600,001, the greater the concession.

Eligible first-home owners who enter into a contract to buy a PPR valued at not more than $600,000 before 1 July 2017 will be eligible to a reduced rate of duty. For settlement dates on or after 1 July 2011, land transfer duty rates are reduced for eligible first-home buyers purchasing their PPR valued at not more than $600,000. Land transfer duty was reduced by 20 per cent on 1 July 2011, followed by additional 10 per cent cuts on 1 January 2013, 1 July 2013 and 1 September 2014, a cumulative 50 per cent reduction for settlement dates on or after 1 September 2014.

 

For the purchase of a home (which will be used as your principal place of residence) for settlement dates on or after 1 July 2013 and before 1 September 2014

Dutiable value range Duty payable

$0 - $25,000

(1.4 per cent of the dutiable value of the property) less 40 per cent

> $25,000 - $130,000

($350 plus 2.4 per cent of the dutiable value in excess of $25,000) less 40 per cent

> $130,000 - $440,000

($2870 plus 5 per cent of the dutiable value in excess of $130,000) less 40 per cent

> $440,000 - $550,000

($18,370 plus 6 per cent of the dutiable value in excess of $440,000) less 40 per cent

> $550,000 - $600,000

($28,070 plus 6 per cent of the dutiable value in excess of $550,000) less 40 per cent

More than $600,000

The duty reduction for eligible first home buyers does not apply. Please refer to the rates for non-PPR dutiable property.

Download in CSV format

 

For the purchase of a home (which will be used as your principal place of residence) for settlement dates on or after 1 January 2013 and before 1 July 2013

Dutiable value range Duty payable

$0 - $25,000

(1.4 per cent of the dutiable value of the property) less 30 per cent

> $25,000 - $130,000

($350 plus 2.4 per cent of the dutiable value in excess of $25,000) less 30 per cent

> $130,000 - $440,000

($2870 plus 5 per cent of the dutiable value in excess of $130,000) less 30 per cent

> $440,000 - $550,000

($18,370 plus 6 per cent of the dutiable value in excess of $440,000) less 30 per cent

> $550,000 - $600,000

($28,070 plus 6 per cent of the dutiable value in excess of $550,000) less 30 per cent

More than $600,000

The duty reduction for eligible first home buyers does not apply. Please refer to the rates for non-PPR dutiable property.

Download in CSV format

 

For the purchase of a home (which will be used as your principal place of residence) for settlement dates on or after 1 July 2011 and before 1 January 2013

Dutiable value range Duty payable

$0 - $25,000

(1.4 per cent of the dutiable value of the property) less 20 per cent

> $25,000 - $130,000

($350 plus 2.4 per cent of the dutiable value in excess of $25,000) less 20 per cent

> $130,000 - $440,000

($2870 plus 5 per cent of the dutiable value in excess of $130,000) less 20 per cent

> $440,000 - $550,000

($18,370 plus 6 per cent of the dutiable value in excess of $440,000) less 20 per cent

> $550,000 - $600,000

($28,070 plus 6 per cent of the dutiable value in excess of $550,000) less 20 per cent

More than $600,000

The duty reduction for eligible first home buyers does not apply. Please refer to the rates for non-PPR dutiable property.

Download in CSV format