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Stamp Duty Rates Change on 1 August 2011

In addition to owner occupiers (not first home owners) losing their discount the rates have also changed:

Pre 1 August 2011

1 August 2011

Up to $5,000- nil Up to $5,000 nil
$5,000 to $75,000- 1.5% $5,000 to $105,000 – 1.5%
$75,000 to $540,000- 3.5% $105,000 to $480,000 – 3.5%
$540,000 to $980,000- 4.5% $480,000 to $980,000 – 4.5%
More than $980,000 – 5.25% more than $980,000 – 5.25%


The net effect of the change is that there is a saving of up to $540 on stamp duty for houses priced between $75,000 to $480,000.

The first home owner’s concession has also increased. Up to $509,999 there is no stamp duty and then the concession slowly disappears so that the full rate applies to First homes over $599,999.

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