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Gov’t green lights stamp duty bill
It aims to lessen the burden on buyers of lower-priced properties.
The government has passed the Stamp Duty (Amendment) Bill 2025, which raises the maximum value of properties chargeable to the $100 stamp duty from $3m to $4m.
Introduced in the 2025-26 budget, the adjustment aims to lessen the burden on buyers of lower-priced properties.
Based on the 2024-25 property transaction data, the government estimates that the change will benefit about 15% of property deals, though it expects an annual revenue drop of approximately $400m.
The new law will be published in the Government Gazette on 16 May and apply to instruments executed from 26 February onwards.
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