Property transactions in Australia come with several legal and financial complexities. Among them, GST (Goods and Services Tax ) is also a significant factor to be aware of. GST is simply a broad-based tax of 10% applied on goods & services and other items consumed and sold in Australia.

Likewise, GST is also applicable in property transactions based on property type and circumstances. To further grasp how GST affects your property transactions, let’s look at how the tax applies to various properties.