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House Stamp Duty WA

Stamp Duty may be described as a general revenue that is imposed on mortgages.  Stamp Duty on mortgages is different in each state and can even differ within a State based upon the scenario. For example first home buyers may receive stamp duty discounts, or property sales under a certain threshold may be exempt. Stamp Duty Charges

The important thing about stamp duty is to factor it into the cost of your house and make sure you have enough money available to pay when it is due. Many people end up just adding the amount of stamp duty to their mortgage, however this can be extremely expensive over the long term.

The inaugural Bankwest Residential Stamp Duty Report has revealed that WA stamp duty bills have surged 127 per cent since 2003, and are now the highest in the nation as a proportion of household income.

WA homeowners looking to buy and move house had to pay a median stamp duty bill of $15,176 in 2008 compared with just $6686 in 2003.


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