🎄Day 5 - Hidden Costs When Buying a Home: Stamp Duty 💲💲 Stamp Duty (also called Transfer Duty) is a tax you pay to your state government when you buy property. And the more expensive the property, the more duty you pay. This can cost you tens of thousands! In NSW, stamp duty on an $800k home is roughly $31,000. On a $1M home? Around $40,000. ✨ Good News for First Home Buyers: If you’re buying a new or existing home under $800,000 you are exempt from paying stamp duty. To qualify you must: 👱‍
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🎄Day 5 - Hidden Costs When Buying a Home: Stamp Duty 💲💲 Stamp Duty …
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