NT Stamp Duty Calculator

Here’s a breakdown of how much stamp duty you might need to pay when buying a house in the NT:

There are no stamp-duty exemptions or concessions for first-home buyers in the NT.

Yes, there are.

There’s a $50,000 HomeGrown Grant for first-home buyers who buy or build a new home.

More information on the HomeGrown Territory Grants is available on the NT’s website.

A $30,000 FreshStart New Home Grant is available for those who own a home but want to build or buy a new property in the NT.

Yes, there is a stamp-duty exemption if you plan to buy a house-and-land package. You can do this under the House-and-Land Package Exemption (HLPE).

To be eligible, you must:

• Sign the contract between 1 July 2022 and 30 June 2027.
• Buy a house-and-land package from a building contractor in a single transaction.

Stamp duty in the Northern Territory is payable within 60 days of the date the contract is signed, regardless of whether any conditions are attached to it.

If stamp duty is not paid on time, interest and a penalty tax will be charged on the overdue amount. Even if the contract includes conditions to delay paying stamp duty, extra time will not be given. There will be a penalty tax even if the other parts of the contract are not finalised.

Besides stamp duty, there are other costs you need to pay when buying property in the NT:

• At least $1000 in local council rates
• Between $1500 and $3000 in legal and conveyancing fees
• Loan establishment fee
• Fees for pre-settlement inspections, like pest and building inspection
• Moving costs
• A mortgage registration fee of $172
• A land transfer fee of $172
• Lenders Mortgage Insurance (if you’re borrowing more than 80% of the property value)
• Home Insurance

You can use our calculator to determine the costs of buying a home.