Stamp duty on a $700,000 property
In NSW, stamp duty on a $700,000 property is $26,030. First home buyers pay $2,000 (saving $24,030).
Standard Duty (NSW)
$26,030
First Home Buyer (NSW)
$2,000
NSW Breakdown
Property Price$700,000
Stamp Duty$26,030
Transfer Fee (est.)~$1,550
Legal/Conveyancing (est.)~$1,500
Total Upfront Costs~$29,080
Stamp Duty as % of Price3.7%
First home buyers save $24,030 on a $700,000 property in NSW
Concessional rate applies ($650k–$800k)