Stamp Duty on $1M Property — NSW
Stamp duty on a $1,000,000 property in New South Wales is $39,735.00. See total costs, first home buyer savings, and compare to other states.
Last verified: 1 July 2025Stamp Duty: $39,735.00
On a $1,000,000 property in New South Wales, stamp duty is $39,735.00 at an effective rate of 3.97% (2025-26 rates).
Cost Breakdown
| Property price | $1,000,000 |
| Stamp duty (standard buyer) | $39,735.00 |
| Effective stamp duty rate | 3.97% |
| Legal / conveyancing fees (est.) | $2,000.00 |
| Building & pest inspection (est.) | $500.00 |
| Total purchase cost | $1,042,235.00 |
First Home Buyer Stamp Duty — NSW
At $1,000,000, first home buyer concessions in New South Wales do not reduce stamp duty. The property value exceeds the concession threshold. Standard duty of $39,735.00 applies.
Foreign Buyer Stamp Duty
Foreign purchasers pay an additional 8% surcharge ($80,000.00) on top of standard stamp duty.
Total foreign buyer stamp duty: $119,735.00
Stamp Duty on $1M — All States
| State | Stamp Duty | Effective Rate |
|---|---|---|
| New South Wales | $39,735.00 | 3.97% |
| Victoria | $54,870.00 | 5.49% |
| Queensland | $38,025.00 | 3.80% |
| Western Australia | $44,079.00 | 4.41% |
| South Australia | $48,830.00 | 4.88% |
| Tasmania | $40,185.00 | 4.02% |
| Australian Capital Territory | $40,663.00 | 4.07% |
| Northern Territory | $66.00 | 0.01% |
Mortgage Impact — Adding Stamp Duty to Your Loan
If you add $39,735.00 stamp duty to your home loan instead of paying upfront, here is how it affects your repayments (based on 80% LVR, 6.25% rate, 30-year term):
| Monthly repayment (without stamp duty in loan) | $4,925.74 |
| Monthly repayment (with stamp duty in loan) | $5,170.39 |
| Extra per month | +$244.66 |
| Extra interest paid over 30 years | $48,340.88 |
Paying stamp duty upfront saves you $48,340.88 in interest over the life of your loan.
Calculate a Different Amount
Frequently Asked Questions
How much is stamp duty on a $1,000,000 house in New South Wales?
Stamp duty on a $1,000,000 property in New South Wales is $39,735.00 for a standard buyer (2025-26 rates). This is an effective rate of 3.97%.
Do first home buyers pay stamp duty in New South Wales?
At $1,000,000, first home buyer concessions in New South Wales do not reduce stamp duty below the standard amount of $39,735.00. The property value exceeds the concession threshold.
What are the total costs of buying a $1,000,000 property in New South Wales?
The total estimated cost is approximately $1,042,235.00, which includes the purchase price ($1,000,000), stamp duty ($39,735.00), legal/conveyancing fees (~$2,000), and building/pest inspections (~$500).
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.
Learn more
Complete guide to NSW stamp duty rates for 2025-26. Find out what you'll pay, first home buyer exemptions, and how the property tax option works.
Stamp Duty in Queensland 2025-26: Rates, Thresholds & ExemptionsEverything you need to know about QLD transfer duty. Current rates, first home concessions, and how foreign buyers pay extra surcharges.
NSW Stamp Duty Calculator 2025-26: How Much Will You Pay?Calculate your NSW stamp duty (transfer duty) for 2025-26. Covers standard rates, first home buyer exemptions, the First Home Buyer Choice property tax option, and foreign buyer surcharges.