Stamp Duty on $1,000,000 in NT
Stamp duty on a $1,000,000 property in NT (Northern Territory) is $49,500.00 at the general rate. Change the price or buyer below to recalculate with official Northern Territory rates.
Stamp duty on $1,000,000 in NT by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $49,500.00 | 4.95% |
| Home you will live in | $49,500.00 | 4.95% |
| First home buyer, established home | $49,500.00 | 4.95% |
| First home buyer, new home | $49,500.00 | 4.95% |
| Foreign buyer (duty plus surcharge) | $49,500.00 | 4.95% |
How the $1,000,000 figure is worked out
- Northern Territory uses a formula rather than bands at this price; the official revenue office formula gives $49,500.00.
First home buyers: The Northern Territory has no general first home buyer duty concession (the first home owner discount ended in 2021).
Stamp duty near $1,000,000 in NT
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $850,000 | $42,075 | $42,075 |
| Stamp duty on $900,000 | $44,550 | $44,550 |
| Stamp duty on $950,000 | $47,025 | $47,025 |
| $1,000,000 | $49,500 | $49,500 |
| Stamp duty on $1,100,000 | $54,450 | $54,450 |
| Stamp duty on $1,200,000 | $59,400 | $59,400 |
| Stamp duty on $1,300,000 | $64,350 | $64,350 |
$1,000,000 stamp duty in every state
At $1,000,000, Northern Territory ranks number 7 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 NT?
Stamp duty on a $1,000,000 property in Northern Territory is $49,500.00 at the general rate. That is 4.95% of the price. First home buyer relief does not reduce duty on an established home at $1,000,000; the buyer pays $49,500.00.
Do first home buyers pay stamp duty on $1,000,000 in NT?
First home buyer relief does not reduce duty on an established home at $1,000,000; the buyer pays $49,500.00.
How much stamp duty does a foreign buyer pay on $1,000,000 in NT?
$49,500.00. Northern Territory had no foreign purchaser surcharge on the official pages we read.