Stamp Duty on $1,000,000 in Northern Territory (2025-26)
Stamp duty on a $1,000,000 property in Northern Territory is estimated at $49,500. Including transfer and mortgage registration fees, upfront government costs are about $49,862. This page breaks down each amount and shows concession scenarios.
Stamp duty in Northern Territory
The Northern Territory's old stamp-duty-value discount for owner-occupiers (formerly the First Home Owner Discount) ended in 2021 — first home buyer support now comes mainly through cash grants and a targeted duty exemption. The House and Land Package Exemption (HLPE) gives a full stamp duty exemption, with no value cap, on eligible house-and-land packages from a registered builder, running until 30 June 2027. The HomeGrown First Home Owner Grant is $50,000 for new homes on contracts signed between 1 October 2024 and 30 September 2027, with no purchase price cap; contracts from 1 October 2027 are not eligible.
Cost Breakdown
| Purchase price | $1,000,000 |
| Stamp duty (NT) | $49,500.00 |
| Transfer registration fee | $181.00 |
| Mortgage registration fee | $181.00 |
| Total upfront government costs | $49,862.00 |
| Effective stamp duty rate | 4.95% |
First Home Buyer Concession
| Standard stamp duty | $49,500.00 |
| First home buyer duty | $49,500.00 |
| FHB saving | $0.00 |
Use our NT First Home Buyer Calculator to check eligibility and get a detailed breakdown.
Compare Nearby Prices in NT
| Price | Stamp Duty | Effective Rate |
|---|---|---|
| $950,000 | $47,025.00 | 4.95% |
| $1,000,000 | $49,500.00 | 4.95% |
| $1,100,000 | $54,450.00 | 4.95% |
Compare $1,000,000 Across States
Buying in this price range
Between $800,000 and $1.3 million, stamp duty becomes a major transaction cost — typically $30,000 to $60,000 depending on the state. First home buyer concessions are largely exhausted at this level (except NSW, which extends to $1 million, and eligible ACT first home buyers, who pay no duty at all under the Home Buyer Concession Scheme). At this price, the choice of state has a significant financial impact for buyers not eligible for a concession: standard duty on a $1 million property is about $34,000 in the ACT (owner-occupier rate) versus about $39,000 in NSW.
State comparison matters more
On a $1 million property, standard stamp duty ranges from approximately $34,000 (ACT, owner-occupier rate) to $39,000 (NSW). If you are choosing between locations near a state border (e.g., Canberra vs Queanbeyan, Gold Coast vs Tweed Heads), the stamp duty difference can be significant.
Budget for total transaction costs
Stamp duty is the largest government cost, but add conveyancing ($1,500-$3,000), building and pest inspection ($500-$800), and loan establishment fees. On a $1 million purchase, total transaction costs including stamp duty can reach $50,000-$70,000.
Foreign buyer surcharges escalate
At $1 million, foreign buyer surcharges in NSW (9%), VIC (8%), and QLD (8%) add $80,000–$90,000 on top of standard duty. This makes the total duty for a foreign buyer over $120,000 in most eastern states.
Typical buyers: Established professionals upgrading, families in inner suburbs, investors purchasing houses, and interstate movers comparing markets.
Frequently asked questions
How much is stamp duty on a $1,000,000 property in NT?
What are the total upfront costs on a $1M property in NT?
Do first home buyers get a discount on $1M in NT?
How is stamp duty calculated in NT?
Need a detailed calculation?
Our interactive NT Stamp Duty Calculator lets you enter any property value and see a full breakdown of duty, fees, and concessions.
First home buyer? Check your eligibility with the NT First Home Buyer Calculator.