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Comparison rates above are based on a home loan of $150,000 for 25 years. WARNING: The comparison rates are true for the example given only and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

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Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.

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How Much Is The Off the Plan Purchase Stamp Duty in NSW?

26th April, 2023
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Ello
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When it comes to buying a property in New South Wales (NSW), one of the most important things to consider is the stamp duty. Stamp duty is a tax that is paid to the government when you purchase a property. It is important to understand the stamp duty costs associated with buying a property in NSW so that you can budget accordingly.

When it comes to off the plan purchase stamp duty in NSW, there are a few things to consider. Off the plan purchases are when you buy a property before it is built or before it is completed. This means that you are buying the property before it is ready to move into.

The amount of stamp duty you will need to pay for an off the plan purchase in NSW depends on a few factors. The first factor is the purchase price of the property. The higher the purchase price, the higher the stamp duty. The second factor is the type of property you are buying. For example, if you are buying a house, the stamp duty will be different than if you are buying a unit or an apartment.

The third factor is the location of the property. Different areas of NSW have different stamp duty rates. For example, in Sydney, the stamp duty rate is higher than in regional NSW.

The fourth factor is the date of the contract. If the contract is signed before 1 July 2020, the stamp duty rate is different than if the contract is signed after 1 July 2020.

The fifth factor is whether you are a first home buyer or an investor. If you
are a first home buyer, you may be eligible for a stamp duty concession, which can reduce the amount of stamp duty you need to pay.

Finally, the sixth factor is whether you are buying a new or established
property. If you are buying a new property, you may be eligible for a stamp duty concession, which can reduce the amount of stamp duty you need to pay.

It is important to note that the stamp duty rates in NSW are subject to change, so it is important to check with your local government or a qualified mortgage broker to find out the most up to date stamp duty rates.

At Ello Lending, we understand that buying a property can be a daunting process. That’s why we are here to help. Our experienced mortgage brokers can help you to understand the stamp duty costs associated with buying a property in NSW and can also help you to find the best home loan for your needs. We are here to answer any questions you have and help you to get the home loan you need. Contact us today to find out more.

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Cover image for How is Stamp Duty Calculated on Off the Plan Purchases?

How is Stamp Duty Calculated on Off the Plan Purchases?

Stamp duty rates for off the plan purchases vary across Australian states and territories. In Victoria, the rate is 4.5%, in Queensland, it is 4%, and in New South Wales, it is 3.5% for off the plan apartments. Stay informed about the latest rates as they may change over time. Our experienced mortgage brokers at Ello Lending can provide guidance and support in understanding stamp duty calculations. Contact us for assistance.

Cover image for Calculating The Stamp Duty on an Off the Plan Purchase NSW

Calculating The Stamp Duty on an Off the Plan Purchase NSW

Discover how to calculate stamp duty for an off the plan purchase in NSW and get expert guidance from Ello Lending, your trusted mortgage broker. We'll help you navigate the complexities of stamp duty and find the right home loan for your needs. Contact us today for personalized assistance and turn your off the plan property dreams into reality.

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Debt consolidation is not limited to credit cards; it encompasses various types of debt, including personal loans, medical bills, and student loans. It aims to simplify finances and potentially reduce interest rates and monthly payments. At Ello Lending, our mortgage brokers can provide personalized guidance on debt consolidation options to help individuals manage their debts effectively.

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