Effective Friday 1 July 2016 mortgage duty in NSW is to be abolished, meaning duty is no longer payable on mortgages executed on or after 1 July 2016 and on advances/increases made on or after 1 July 2016 irrespective of the date of the mortgage.
For further information, refer to the NSW Office of State Revenue Abolition of Duties website (www.osr.nsw.gov.au/taxes/abolished/iga).