But the stamp duty rate climbs as properties become more expensive; at the highest band, for homes worth more than A$3,268,000, buyers must pay A$163,940 plus 7 per cent of the property value ...

As of Monday, stamp duty is optional for first home buyers in NSW on homes costing under $1.5million. Instead, a first time buyer can choose to pay an annual land tax or stick with paying a one ...

New South Wales Premier Dominic Perrottet has been a long-term, vocal advocate of abolishing stamp duty in favour of land tax. (AAP: Dan Lewins ) ...

First-home buyers in New South Wales who choose the annual property tax option rather than the traditional one-off stamp duty fee will instead be required to pay a yearly tax calculated at A$400 ...

If just one state of Australia, New South Wales, scrapped its stamp duty on real estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates.