What is the Stamp Duty Concession Scheme?

If you are looking for a discount on your stamp duty, there is the Stamp duty concession (NSW) where you can get a reduction in how much you pay for stamp duty of up to $750k property price. 

With every property purchase, there are applicable upfront costs on settlement (costs besides the property price). Primarily the associated costs include stamp duty (called transfer duty), legal fees (generally $2,000) & bank-related fees. 

Different states have various schemes to help you reduce the amount payable for full or partial exemption on stamp duty. If the property value is up to $650,000 in NSW, a full waiver generally applies. For properties between $650,000 – $800,000 there are partial reductions.

Click here to find out more about the Stamp Duty Concession Scheme.

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