Stamp Duty on $1,000,000 NSW 2026 — $39,531 Standard, $39,531 for FHB

30-SECOND ANSWER

For a $1,000,000 property in New South Wales, the standard 2026 transfer duty is $39,531. Eligible first home buyers pay $39,531. Scheme: FHBAS — First Home Buyers Assistance Scheme.

First home buyer exemption status

NSW FHB exemption rules in 2026:

Full exemption: properties up to $800,000
Tapered concession: $800,000 – $1,000,000
Above $1,000,000: standard rates apply, no FHB relief
Note: FHBAS — First Home Buyers Assistance Scheme

For your $1,000,000 purchase: Tapered FHB concession — between $800,000 and $1,000,000.

Breakdown by buyer type (at $1,000,000)

Standard buyer (non-FHB)	$39,531
First home buyer — established home	$39,531
First home buyer — new build	$39,531

$1,000,000 stamp duty by state — full comparison

State	Standard	FHB (established)	FHB (new build)
NSW	$39,531	$39,531	$39,531
VIC	$55,000	$55,000	$55,000
QLD	$38,025	$38,025	$0
WA	$42,616	$42,616	$42,616
SA	$48,830	$48,830	$48,830
TAS	$40,185	$40,185	$40,185
ACT	$35,380	$0	$0
NT	$49,500	$49,500	$0

Calculated from 2026 state revenue tiered formulas. Excludes foreign-buyer surcharge and absentee-owner levies. For an interactive calculator with all options, use the stamp duty calculator.

FAQs about stamp duty on $1,000,000 in NSW

How much is stamp duty on a $1,000,000 property in New South Wales in 2026?#

For a $1,000,000 property in New South Wales, the standard transfer duty in 2026 is $39,531. Eligible first home buyers pay $39,531 (Tapered FHB concession — between $800,000 and $1,000,000). The NSW full FHB exemption threshold is $800,000 with a tapered concession up to $1,000,000.

Do I pay stamp duty in New South Wales as a first home buyer?#

For a $1,000,000 property, you pay $39,531 as a first home buyer (tapered fhb concession — between $800,000 and $1,000,000). FHBAS — First Home Buyers Assistance Scheme

When is stamp duty paid on a $1,000,000 New South Wales purchase?#

Stamp duty in New South Wales is generally payable at or shortly after settlement. Your conveyancer or solicitor arranges the payment from your settlement funds, so you do not need to transfer it separately — but you do need to budget for it alongside your deposit. NSW requires payment within 3 months of contract signing.

Can I add stamp duty to my home loan?#

Stamp duty is not typically rolled into the loan amount — it sits alongside your deposit as part of your "cash-to-close". For a $1,000,000 property in New South Wales, the standard stamp duty of $39,531 would need to be paid from cash savings, gift, or in some cases a separate personal loan. First home buyer exemptions remove this requirement at lower price points.