Stamp Duty Calculator
Stamp Duty Calculator
Stamp duty, along with a handful of other government fees applies to every home or asset purchase in Australia, which is paid by the borrower at the time of settlement. Most lenders will include these fees in the total loan amount, which is an additional cost to the purchase cost of the home. The fees charged can vary between states, and can be influenced by what current government incentives that state may have running (example would be discounted rates for first home buyers), and also by the type of purchase that is being completed (Land only or established home etc).
We have included this calculator for you, as it is very important to factor in these charges when calculating your loan repayments amounts, as it can change the Loan to Value Ratio (LVR) bracket you fall into. This can then change the interest rate that you will be eligible for, in turn likely increasing your repayment amount.
The stamp duty calculator will also show you approximate fees for mortgage registration and title transfer also. The calculator does not, however include all fees that may apply to your purchase. Other fees that may apply to your purchase are lenders application fees, solicitor’s charges, valuations costs, title searches, and other miscellaneous costs. These can all be calculated in by a broker for you to ensure everything has been included when calculating your eligibility and affordability.
* The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative.