In NSW, above what purchase price does a foreign person start paying surcharge purchaser duty on residential land?
Correct Answer
D) On every purchase; there is no threshold
NSW surcharge purchaser duty applies to foreign persons buying residential-related property, with no price threshold. Since 1 January 2025 the rate has been 9% of the dutiable value, payable on top of ordinary transfer duty. Separately, Commonwealth rules generally bar foreign persons from buying established dwellings from 1 April 2025 to 30 June 2029 (as extended in the 2026–27 Budget).
Why This Is the Correct Answer
NSW surcharge purchaser duty has no price threshold: a foreign person pays it on any purchase of residential-related property. Since 1 January 2025 the rate has been 9% of the dutiable value, on top of ordinary transfer duty.
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