Stamp Duty on $1,000,000 in NSW
Stamp duty on a $1,000,000 property in NSW (New South Wales) is $39,187.00 at the general rate. Change the price or buyer below to recalculate with official New South Wales rates.
Stamp duty on $1,000,000 in NSW by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $39,187.00 | 3.92% |
| Home you will live in | $39,187.00 | 3.92% |
| First home buyer, established home | $39,187.00 | 3.92% |
| First home buyer, new home | $39,187.00 | 3.92% |
| Foreign buyer (duty plus surcharge) | $129,187.00 | 12.92% |
How the $1,000,000 figure is worked out
- General rate: $11,602.00 plus $4.50 per $100 of the $613,000 above $387,000 (rounded up to the next $100).
First home buyers: No first home buyer concession at $1,000,000 or more.
Stamp duty near $1,000,000 in NSW
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $850,000 | $32,437 | $32,437 |
| Stamp duty on $900,000 | $34,687 | $34,687 |
| Stamp duty on $950,000 | $36,937 | $36,937 |
| $1,000,000 | $39,187 | $39,187 |
| Stamp duty on $1,100,000 | $43,687 | $43,687 |
| Stamp duty on $1,200,000 | $48,187 | $48,187 |
| Stamp duty on $1,300,000 | $52,787 | $52,787 |
$1,000,000 stamp duty in every state
At $1,000,000, New South Wales ranks number 3 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $36,950 |
| Queensland | $38,025 |
| New South Wales | $39,187 |
| Tasmania | $40,185 |
| Western Australia | $42,616 |
| South Australia | $48,830 |
| Northern Territory | $49,500 |
| Victoria | $55,000 |
Frequently asked questions
How much is stamp duty on $1,000,000 in NSW?
Stamp duty on a $1,000,000 property in New South Wales is $39,187.00 at the general rate. That is 3.92% of the price. First home buyer relief does not reduce duty on an established home at $1,000,000; the buyer pays $39,187.00.
Do first home buyers pay stamp duty on $1,000,000 in NSW?
First home buyer relief does not reduce duty on an established home at $1,000,000; the buyer pays $39,187.00.
How much stamp duty does a foreign buyer pay on $1,000,000 in NSW?
$129,187.00 in total: $39,187.00 transfer duty plus $90,000.00 surcharge purchaser duty (9%).