How can i avoid stamp duty

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How long does it take to buy a house? That's a question many people - whether they're first-time buyers or a regular hom However, there are other options for buyers that might reduce their liability for stamp duty. Paid on a sliding scale.

First of all, let's look at exactly what stamp duty is. Reducing stamp duty liability. Let's look at some other options for reducing stamp duty liability. Land cost is usually around 33 percent of the cost of land with a property already built on it. Luckily, there is relief available. This won't cover all the stamp duty depending on where you buy, but can definitely ease the sting.

With stamp duty calculated on the value of a property, it may just be worth your time to seek property elsewhere - with the help of a buyers agent , of course. For example, we recently helped people buy units in Brisbane before they came to market, using our in-depth knowledge of the market and long list of contacts.

These properties have increased in value before the construction was even completed, and they came in at a much cheaper price than the current Sydney median.

Note also that each state has different rates of stamp duty: Slightly lower in Queensland, and significantly higher in Victoria.