What Is Stamp Duty?
Stamp duty is a tax levied by Australian states and territories on property transactions. It’s generally calculated based on the property purchase price, location, and type, amongst other factors. For you as a home buyer, understanding stamp duty can provide a more accurate estimate of the total costs associated with buying a property.
Why Is Understanding Stamp Duty Essential in Your Home-Buying Journey?
Stamp duty can significantly influence your property transaction’s total cost, impacting your budget and financing arrangements. Using a Stamp Duty Calculator can help estimate these costs, offering a clearer view of your financial obligations.