How does stamp duty work in real estate transactions in Australia?

What is stamp duty and how is it calculated in real estate transactions in Australia?

Category: Real Estate & Conveyancing
Location: Dorado

Answers

Stamp duty is a tax paid on property transactions in Australia, calculated based on the property's purchase price or market value, whichever is higher.

6 months ago

Rates vary by state and territory, with exemptions and concessions available for first-time home buyers and other eligible groups.

6 months ago