Stamp Duty Fees

Stamp Duty and Fees, Taxation

Stamp Duty and other costs

Use this simple Stamp Duty calculator to find out how much stamp duty and other statutory fees you'll pay on property purchases and mortgages.

Income Tax Calculator

Work out your income tax according to the Australian Taxation Office's personal income tax scales.

NSW Changes to mortgage duty 2007

The 2007 NSW State Budget changes to stamp duty are now starting to take effect.  The immediate benefit is for owner occupiers who are either purchasing or refinancing their property.  Anyone settling post September 1, 2007 will not have to pay ANY mortgage duty. This is a saving of 0.4% of the mortgage amount. In practical terms a loan of $500,000 will now save $2,000. 

Under the Duties Act 1997 mortgage duty will be abolished on and from 1 January 2011. The changes announced bring forward the abolition date to 1 July 2009 and provide for 2 new exemptions from mortgage duty for mortgages that are associated with housing.

Exemption - Owner Occupier

The first exemption (from 1 September 2007) is an exemption for mortgages that are made in connection with owner occupied housing. Mortgage duty will not be chargeable in respect of a mortgage if the mortgage secures an advance or advances made, from 1 September 2007, for the purpose of owner occupied housing and no other advances. If the mortgage does secure an advance made for another purpose, mortgage duty will not be chargeable in respect of the advance made for the purpose of owner occupied housing.
An advance is made for the purpose of owner occupied housing if it is to be applied wholly or predominantly for one or more of the following purposes:
€ financing the acquisition of a residence,
€ financing the construction of a residence,
€ financing alterations or additions to a residence,
€ financing the acquisition of residential land,
€ repaying another advance, if the advance to be repaid was made for the purpose of owner occupied housing.

Exemption - Investment Housing

The second exemption (from 1 July 2008) is an exemption for mortgages that are made in connection with investment housing. Mortgage duty will not be chargeable in respect of a mortgage if the mortgage secures an advance or advances made, from 1 July 2008, for the purpose of investment housing and no other advances. If the mortgage does secure an advance made for another purpose, mortgage duty will not be chargeable in respect of the advance made for the purpose of investment housing.
An advance is made for the purpose of investment housing if it is to be applied wholly or predominantly for one or more of the following purposes:
€ financing the acquisition of investment housing,
€ financing the construction of investment housing,
€ financing alterations or additions to investment housing,
€ repaying another advance, if the advance to be repaid was made for the purpose of investment housing.

the best banks and lenders

For more information on the major banks and lenders who X Inc. are associated with, see the list below or check out which loans and lenders have won awards and are recognised by industry as the best of the best for their outstanding products or service.

locations

X Inc Finance has mortgage brokers in most majors cities in Australia including Sydney, Melbourne, Brisbane, Perth, Canberra, Wollongong, Nowra, Kingscliff, Bowral, Bega, Newcastle, Gold Coast, Sunshine Coast, Cairns, Brunswick Heads, Bendigo and many others.  To talk to your local mortgage broker, click on your state and we will have them contact you within 2 business hours: New South Wales, Victoria, Queensland, Western Australia, South Australia, Australian Capital Territory, Tasmania.