Stamp duty (officially property transfer duty) is a state tax you pay when you buy property in Tasmania. The first home buyer exemption for established homes ended on 30 June 2026, so most first home buyers now pay standard duty. Figures checked November 2026.
The exemption on established homes up to $750,000 only applied to transfers settling by 30 June 2026. For purchases settling after that, standard duty applies.
A $20,000 grant for buying or building a new home, for eligible transactions from 1 July 2026 to 30 June 2027. It doesn't apply to established homes.
Eligible pensioners may get a duty concession when they buy a home to live in. Value limits and other rules apply.
Buyers who aren't Australian citizens or permanent residents generally pay a foreign investor duty surcharge of 8% on top of standard duty.
The buyer pays stamp duty. Your conveyancer or solicitor usually arranges payment as part of settlement, so you need the funds ready by then.
Duty is calculated on the price you pay, or the property's market value if that's higher. On a $600,000 established home, standard duty is more than $20,000, an amount first home buyers didn't pay before July 2026, so it now needs to be in your budget.
The off-the-plan apartment concession also ended on 30 June 2026. The old exemption depended on the settlement date, so if you signed a contract earlier, we'll check your dates.
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Duty rises with the price, so it changes your real budget.
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Check whether the $20,000 grant applies, and budget for full duty on an established home.
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Use our stamp duty calculator for an estimate on a specific price.
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We'll factor duty and other costs into your pre-approval so there are no surprises.
Usually it's paid from your savings. Some lenders will lend enough to cover costs if you have a strong deposit or equity, often with lenders mortgage insurance. We'll tell you what's possible.
Yes. Standard duty applies to vacant land, although building a new home on it may make you eligible for the First Home Owner Grant.
No. Investors pay standard duty, as most buyers in Tasmania now do.
The State Revenue Office of Tasmania publishes current rates and eligibility rules. We check our figures against them, and our calculator uses current rates.
This information is general in nature and is based on Tasmanian rules as at November 2026. It doesn't take into account your objectives, financial situation or needs. Duty rates, thresholds and eligibility are set by the State Revenue Office of Tasmania and can change; check your situation with the SRO or your conveyancer.
We'll include stamp duty, fees and any concessions in your pre-approval plan.
