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Stamp Duty on conveyance of property and on mortgages is different in each state and can even differ within a State based upon the scenario. For example first home buyers may receive stamp duty discounts.
Stamp duty differs from state to state, with exceptions and/or discounts available to first home owners or to property sales under a certain threshold.
The important thing about stamp duty is to factor it into the cost of your house and make sure you have enough money available to pay when it is due. Many people end up just adding the amount of stamp duty to their mortgage, however this can be extremely expensive over the long term.
To discuss your specific circumstances Call Your Local Finance mortgage broker on 1300 787 665.
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