For a $1,200,000 property in New South Wales, the standard 2026 transfer duty is $48,187. Eligible first home buyers pay $48,187.
First home buyer exemption status
NSW first home buyer rules in 2026:
Full first home buyer exemption to $800,000, then a reduced rate to $1,000,000.
Breakdown by buyer type (at $1,200,000)
| Standard buyer (non first home buyer) | $48,187 |
|---|---|
| First home buyer, established home | $48,187 |
| First home buyer, new build | $48,187 |
$1,200,000 stamp duty by state
| State | Standard | FHB (established) | FHB (new build) |
|---|---|---|---|
| NSW | $48,187 | $48,187 | $48,187 |
| VIC | $66,000 | $66,000 | $66,000 |
| QLD | $42,350 | $42,350 | $0 |
| WA | $52,916 | $52,916 | $52,916 |
| SA | $59,830 | $59,830 | $0 |
| TAS | $49,185 | $49,185 | $49,185 |
| ACT | $46,758 | $0 | $0 |
| NT | $59,400 | $59,400 | $0 |
Calculated from 2026 (FY2026-27) state revenue tiered formulas. Excludes the foreign-buyer surcharge and absentee-owner levies. For an interactive calculator with all options, use the stamp duty calculator.
FAQs: stamp duty on $1,200,000 in NSW
How much is stamp duty on a $1,200,000 property in New South Wales in 2026?
For a $1,200,000 property in New South Wales, the standard transfer duty in 2026 is $48,187. Eligible first home buyers pay $48,187 (Standard rate, above the NSW FHB concession ceiling). Full first home buyer exemption to $800,000, then a reduced rate to $1,000,000.
Do I pay stamp duty in New South Wales as a first home buyer?
For a $1,200,000 property, you pay $48,187 as a first home buyer (standard rate, above the nsw fhb concession ceiling). Full first home buyer exemption to $800,000, then a reduced rate to $1,000,000.
When is stamp duty paid on a $1,200,000 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 $1,200,000 property in New South Wales, the standard stamp duty of $48,187 would need to be paid from cash savings, a gift, or in some cases a separate personal loan. First home buyer exemptions remove this requirement at lower price points.