Stamp duty in the Northern Territory

If you’re buying a property in the Northern Territory, you probably need to pay stamp duty. But there are concessions available if you're buying a house and land package.

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By

Rebecca Pike

Updated

Fact checked

Key takeaways

  • Stamp duty is a state government tax that's payable when you buy a home, land or business property in the Northern Territory.
  • It can add up with tens of thousands of dollars, so it's worth calculating before you're caught with a big surprise.
  • You could get a discount on the stamp duty you need to pay if you're buying a house and land package.

How much is stamp duty in the Northern Territory?

Calculating stamp duty in the NT is a little more complicated than in other states. Its duty rates for different thresholds are not publicised in the same way as the other states.

Here are some example stamp duty costs for different property values for buyers who are not eligible for a discount, based on the NT government's calculator.

You can see from the following table how stamp duty is calculated on a sliding scale based on the value of the property.

Property valueStamp duty payable
$300,000$10,414.25
$400,000$16,514.30
$500,000$23,928.60
$600,000$29,700.00
$700,000$34,650.00

Finder survey: What do Australians from different states think is the biggest hurdle to getting a home loan?

ResponseWAVICSAQLDNSW
The deposit39.67%43.23%38.71%46.54%35.47%
Getting approved for a loan with a good interest rate23.97%24.75%22.58%22.12%29.05%
Getting a loan without typical employment12.4%10.23%11.83%10.14%6.42%
Finding the right property10.74%13.2%11.83%11.98%18.96%
Nothing - I do not think there are hurdles7.44%4.62%10.75%6.91%5.5%
Previous debts4.13%3.63%3.23%2.3%3.98%
Other1.65%0.33%1.08%0.61%
Source: Finder survey by Pure Profile of 1112 Australians, December 2023
Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.

What stamp duty concessions are available in the NT?

The Northern Territory provides stamp duty concessions for eligible Australians buying a house and land package.

To be eligible you must:

  • Buy a house and land package from a building contractor in a single transaction
  • Sign the contract between 1 July 2022 and 30 June 2027.

As part of the contract the contractor must do one of the following:

  • Build or place a detached, new home on the land
  • Complete the build of a partially-completed and detached new home on the land
  • Transfer ownership of a completed, detached new home on the land.

There is no property price cap to be eligible, however there are conditions where you must live in the property within 12 months of completion for at least 6 months. For more information and to download the application forms, see the NT Government website.

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Our expert says: See if you're eligible for grants

"If you're not buying a house and land package, don't fear! You might still be eligible for other incentives.

The Northern Territory government offers 2 grants for first home buyers: $50,000 for anyone building or buying a new home to live in and $10,000 for buying an established home.

If you're not a first home buyer and you're building or buying a brand new home, you could get $30,000."

Rebecca Pike's headshot
Editor, Money

Stamp duty calculator

Use our stamp duty calculator to estimate your costs. Just set the state/territory to NT before starting. Note that this is just an estimate and may not reflect your actual costs.

When is stamp duty payable?

In the NT, stamp duty is payable within 60 days of entering into the transaction or at settlement, whichever is earlier. If you don't pay on time, you may be charged penalty tax on top of the stamp duty.

More questions about Northern Territory stamp duty

Sources

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Written by

Editor, Money

Rebecca Pike is Finder’s money editor, with over 7 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise and 7News, Today and 9News, as well as Sky News, Channel 10 and across radio and print. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

Rebecca's expertise
Rebecca has written 267 Finder guides across topics including:
  • Home loans
  • Personal Loans
  • Car Loans
  • Cost of living
  • Budgeting
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