"BEST Customer Service in Conveyancing" Award Winner for 2022 & 2023 (Word Of Mouth)

Talk to a Lawyer
1800 532 326
Call & Talk To A Lawyer (FREE consult)
1800 532 326

When do I have to pay stamp duty?

Stamp duty is a form of tax that is determined by the state government so the rules will vary depending on which state that you are purchasing in.

In Victoria, the stamp duty is assessed and payable on settlement. You will have up to 30 days after the settlement date to pay for it. You just need to account for the correct amount to be available at settlement.However, in the electronic settlement platform, you will not be able to settle the property transaction without the stamp duty paid upfront at settlement.

If you do not have enough money out of your savings to pay for the stamp duty, you may consider adding this expense into your loan amount when you make your loan application. However, remember that the more you borrow, the higher your loan to value ratio will be. If your loan to value ratio is higher than a certain percentage (usually 90%), your lender may require you to purchase lenders mortgage insurance, which is an additional expense that you need to budget for.

Get Your Quote Now
Enter Your Details Below and We’ll Calculate Your Conveyancing Fees in 30 seconds
Contract Review
Contract Drafting
SSL Green Logo
SSL Security & Privacy Assured

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

Law institute Victoria memberPEXA Members Badge

Our Recent Reviews

Gary Iwansantoso Avatar
Gary Iwansantoso
17 Nov 2023
First time with Lead Conveyancing and first time home buyer. Service was smooth and no fuss, everything settled according to plan and Nicholas was a pleasure to deal with.
read more
S K Avatar
13 Nov 2023
Nick Tsau was amazing, professional and extremely helpful. Highly recommended and will definitely used them again. Thank you for the 5 star service and the attention to details and constant feedback to ensure a hassle free experience. Extremely happy.
read more
Michael Tardent Avatar
Michael Tardent
11 Nov 2023
A big thank you to Gemma Rowlin at Lead Conveyancing for her efforts in providing a seamless and stress free settlement process after our purchase in Melbourne. As interstate buyers, the different state and local requirements were of concern to us and Gemma and her team gave excellent service and communication throughout. Highly recommended!
read more
See More
lead conveyancing logo footer
Suite 5, Level 18, 324 Queen Street, Brisbane QLD 4000 Australia
Level 2, Suite 9, 454 Collins St, Melbourne VIC 3000, Australia
Level 36, Governor Phillip Tower, 1 Farrer Pl, Sydney NSW 2000, Australia

Liability limited by a scheme approved under Professional Standards Legislation