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Mortgage Stamp Duty
New South Wales
Owner Occupied
From 1st September 2007, mortgage duty is not chargeable if the loan is for the purpose of owner occupied housing and is for no other purpose(s).
Investments
From 1st July 2008, mortgage duty is not chargeable if the loan is for the purpose of investment housing and is for no other purpose(s).
All Mortgage duty will not be chargeable on or after 1st July 2012.
Victoria
Mortgage duty has been abolished from 1st July 2004.
Queensland
Mortgage duty has been abolished from 1st July 2008.
Western Australia
Mortgage duty has been abolished from 1st July 2008.
South Australia
From 1st July 2005, all mortgages taken out for the purposes of securing a loan that has been or is to be applied for home acquisition or improvement will be exempt from stamp duty.
Loans for all other purposes from the above will be charged stamp duty at the below rate:
Mortgages securing an amount | Amount of Duty (from 1/7/2008) |
|---|---|
$400 and less |
Exempt from duty |
Greater than $400 but not more than $6,000 |
$10 |
Greater than $6,000 |
$10 plus $0.15 for every $100 or part of $100 over $6,000 |
Mortgage duty will not be chargeable on or after 1st July 2009.
Tasmania
Mortgage Duty has been abolished from 1st July 2007.
Australian Capital Territory
The ACT Government does not currently impose stamp duty on mortgages or the discharge of mortgages where customers are transferring loans to another bank. Click here for more information.
Northern Territory
The Northern Territory does not levy stamp duty on mortgages.
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