Reardon & Associates Lawyers represent
their clients in all types of Conveyancing matters.
We provide our clients with efficient and cost
effective representation in the conduct of
their conveyancing matters
whether buying, selling or re-financing their property.
We provide fixed fee conveyancing services in
relation to both residential and commercial
conveyancing
Make sure your interests are protected
Regardless of whether you are buying
a property or selling a property we recommend that
you engage us prior to
signing the contract so that we can look over it and advise you
accordingly.
When buying a property it is
important to have regard to the hidden costs of the transaction.
In our experience many first time
buyers often do not account for the costs of the transaction
including
legal fees, search fees, financiers costs and Stamp Duty.
The most expensive of these hidden
costs is the Stamp Duty which the buyer must pay prior
to settlement. We have set out the relevant Stamp Duty rates
prevailing in
for your information:
Principal Place of Residence
|
Purchase Price |
Rate |
Stamp Duty |
|
$
0 to $ 250,000 |
1% |
$
0 to $ 2,500.00 |
|
$
250,001 to $ 500,000 |
$
2,500.00 plus $ 3.50 per $ 100.00 over $ 250,000.00 |
$
2,503.50 to $ 11,250.00 |
|
$
500,001 and over |
$ 11,250.00 plus $ 3.75 per $ 100.00
over $ 500,000.00 |
$ 11,253.75 + |
Rebates on Stamp Duty apply if the property is
to be the First Principal Place of Residence
of the buyer as follows:
|
Purchase Price |
Stamp Duty Rebate |
|
$
0 to $ 80,000 |
$
800.00 (i.e. nil duty) |
|
$
80,001 to $150,000 |
$
500.00 |
|
$150,001
to $155,000 |
$
300.00 |
|
$155,001
to $ 160,000 |
$
200.00 |
|
$160,001
and over |
$ 0.00 |
Special rules apply to Stamp Duty Calculations
for properties over 1 ha (10,000 m2) in area.
Penalties apply for making false or misleading
Stamp Duty Declarations.
Investment Properties (Ad Valorem Duty)
|
Purchase Price |
Rate |
Stamp Duty |
|
$ 0 to
$ 20,000 |
$ 1.50 per $ 100.00 or part thereof |
$ 0.00 to $ 300.00 |
|
$ 20,001 to $ 50,000 |
$ 300.00 plus $ 2.25 per $ 100.00 over $ 20,000 |
$ 302.25 to $ 975.00 |
|
$ 50,001 to $ 100,000 |
$ 975.00 plus $ 2.75 per $ 100.00 over
$ 50,000 |
$ 977.75 to $ 2,350.00 |
|
$ 100,001 to $ 250,000 |
$ 2,350.00 plus $ 3.25 per $ 100.00
over $ 100,000 |
$ 2,353.25 to $ 7,225.00 |
|
$ 250,001 to $ 500,000 |
$ 7,225.00 plus $ 3.50 per $ 100.00
over $ 250,000 |
$ 7,228.50 to $ 15,975.00 |
|
$ 500,001 and over |
$ 15,975.00 plus $ 3.75 per $ 100.00
over $ 500,000 |
$ 15,978.75 + |
If you require representation or advice in relation
to a conveyancing matter please do not
hesitate to contact us on (07)
3236 5808 or via email.