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Fredrick is an Australian resident and have recently purchased an established home in SA for a purchase price of $550,000, settlement date being 31st July

Fredrick is an Australian resident and have recently purchased an established home in SA for a purchase price of $550,000, settlement date being 31st July 2022. They are the first home buyers and never bought any property prior to this.

  1. Calculate the Stamp duty payable on the purchase of their property using the conveyance rates for the financial year ending June 2023?

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