Buyers entering the property market who are not first time buyers need to budget for Stanp Duty on the property they want to buy. The Stamp Duty fee does not cover Mortgage registration fee and transfer fee and other loan charges.
STAMP DUTY CALCULTOR
House $300,000 Stamp Duty $8,835
House $400,000 Stamp Duty $13,015
House $500,000 Stamp Duty $17765
House $600,000 Stamp Duty $22,515
House $700,000 Stamp Duty $27,2655
House $800,000 Stamp Duty $32,361
House $900,000 Stamp Duty $37,466
House $1,000,000 Stamp Duty $42,616
I suggest therefore that Alistair Darling focuses his attention on increasing the money supply first and foremost.
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