Stamp Duty on $1,000,000 in New South Wales
Standard buyer
$39,735
3.97% effective rate
First home buyer
$39,735
No concession at this price
Foreign buyer
$119,735
Includes surcharge
Transfer Duty breakdown: $1,000,000 in New South Wales
| Buyer type | Base duty | Adjustment | Total duty |
|---|---|---|---|
| Standard (owner-occupier/investor) | $39,735 | — | $39,735 |
| First home buyer (established) | $39,735 | — | $39,735 |
| First home buyer (new build) | $39,735 | — | $39,735 |
| Foreign purchaser | $39,735 | +$80,000 | $119,735 |
FY2025-26 rates. Verify with your state revenue office before proceeding.
Frequently asked questions
How much stamp duty on $1,000,000 in New South Wales?
A standard owner-occupier or investor pays $39,735 in transfer duty on a $1,000,000 property in New South Wales (FY2025-26). This is an effective rate of 3.97%.
Do first home buyers pay stamp duty on $1,000,000 in New South Wales?
First home buyers in New South Wales do not receive a transfer duty concession at $1,000,000. The standard rate of $39,735 applies. Most concessions in New South Wales cut off below this price point.
What is the total upfront cost for a $1,000,000 property in New South Wales?
For a standard buyer, the total upfront cost (purchase price + transfer duty) is $1,039,735. This does not include conveyancing fees, building inspection, or mortgage costs.