10 Stamp duty Stamp duty (or transfer/conveyance duty) is a charge applied by state governments in Australia in relation to the transfer of land or property. How much you pay is determined by the purchase price and location. To check the amount of stamp duty you may be liable for, visit your local state revenue website. Land tax Land tax is an annual tax on land ownership. Your principal place of residence is typically exempt from land tax, but other properties may incur charges. Visit your local state revenue website for more information. Council rates Council rates are taxes collected by local governments to fund local services and infrastructure. These vary by property value and location. Research potential rates to understand ongoing costs. Strata fees Strata or body corporate fees apply to multi-unit buildings or townhouses that have communal areas. These fees typically cover maintenance and repairs and depend on the building’s size, age, location, and amenities. Our agents are here to help you understand these costs and make an informed decision. Costs of buying. Buying a property involves more than the purchase price and any professional service fees such as pest inspections or solicitors. Additional costs to consider include:
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