The Rate of Stamp Duty

The chart below compares the size of the typical stamp duty bill relative to the median dwelling price across the states and territories. This allows for a better comparison between the jurisdictions.

• The rate at which stamp duty is charged is most punitive in Victoria. The stamp duty is equivalent to 5.3 per cent of the property’s value in Victoria.

• The Northern Territory and South Australia have the second and third most punitive rates of stamp duty: 4.8 per cent and 4.4 per cent respectively.

• Queensland has the least punitive rate of duty. Stamp duty on the median property is equivalent to 2.1 per cent of the median dwelling price