Stamp duty NSW — rates, concessions and how it applies to conveyancing

NSW stamp duty (transfer duty) is calculated on a sliding scale of property value, with first home buyers exempt up to $800,000 (FHBAS) and an 8% foreign buyer surcharge added for non-residents. Always check current Revenue NSW rates at the time of purchase.

Stamp duty (transfer duty) is one of the largest costs in a NSW property purchase — but most buyers don't realise how many concessions, surcharges, and timing rules apply. We explain how stamp duty works in NSW and how conveyancing handles it from contract to settlement.

Need a NSW stamp duty estimate before you buy? View base service NSW service area

What this service delivers

  • First Home Buyer Assistance Scheme eligibility check
  • Foreign buyer surcharge planning
  • Off-the-plan stamp duty timing optimisation

Frequently asked questions

How is NSW stamp duty calculated?
On a sliding scale of property value — Revenue NSW publishes current rates; a $1m residential purchase typically carries $40,000–$45,000 in transfer duty for owner-occupiers without exemption.
Do first home buyers pay NSW stamp duty?
Under FHBAS, no duty on properties up to $800,000 and a concession up to $1,000,000; rules change so always confirm at purchase.
Is there a surcharge for foreign buyers?
Yes — an 8% surcharge purchaser duty applies to foreign buyers in addition to standard transfer duty.
When is stamp duty paid?
Standard residential: within three months of exchange. Off-the-plan: deferred until 15 months after exchange or settlement, whichever is sooner.