Stamp duty on a $550,000 property
In NSW, stamp duty on a $550,000 property is $19,280. First home buyers are exempt (saving $19,280).
Standard Duty (NSW)
$19,280
First Home Buyer (NSW)
Exempt
NSW Breakdown
Property Price$550,000
Stamp Duty$19,280
Transfer Fee (est.)~$1,250
Legal/Conveyancing (est.)~$1,500
Total Upfront Costs~$22,030
Stamp Duty as % of Price3.5%
First home buyers save $19,280 on a $550,000 property in NSW
Full exemption applies (under $650k)