*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service.
We partnered with Lendi* to help you compare home loans from over 25 lenders and over 2,500 home loan products.
Put simply, stamp duty is a state tax that’s typically placed on high value purchases such as buying an owner-occupied or investment property, transferring property, or paying for a car registration.
The amount you pay on stamp duty depends on the state or territory you’re in, the value of your home and the type of property.
Each state and territory has its own regulations to follow, so we recommend clicking the link to your local State Revenue Office for further information:
You may have to pay stamp duty when refinancing your home loan if you switch to a home loan with a larger balance than the principal of your previous loan.
In some cases, borrowers may be eligible for a stamp duty exemption.
If you aren’t eligible for an exemption, you may also be eligible for a stamp duty concession if you satisfy certain criteria such as being a pensioner, or buying a home under a certain value.
Similar rules apply in each state and territory.
There are some circumstances in which you could avoid it, including:
These circumstances vary between lenders, so it’s best to ask your chosen lender if you could be eligible for any other exemptions or concessions.
Here are some important factors you may want to consider when you’re figuring out whether refinancing will suit you and your situation:
If you’re thinking about refinancing your home loan, why not get started with iSelect. We’ve partnered with Lendi to help you compare a range of home loans and switch to a product that suits you.* Get started from 25+ lenders online, or give Lendi a call on 1300 186 260 (8:30 - 10:30).
Updated Last: 10/06/2022