(Victoria
specific)
Basically, you
should assume a cost of 6% of the value of the
property you are purchasing, but
it also depends on whether your buing a property
"Off The Plan" or as
a "built" or "partially built"
property. If it's "Off The Plan"
and construction hasn't started when contracts
are signed then Stamp Duty is
negligible, as your only paying duty on the land
component. It's even lower if the property you're
purchasing is part of a larger development.
If you purchase
an"Off The Plan" but
construction has commenced you will be charged
Stamp Duty comensurate with the
percentage of the completion being taken into
account.
Buying an existing
property, even if it's a brand new completed construction,
costs the most in Stamp Duty.
