From August this year the State Goverment is changing the way stamp duty is calculated for the purchase of property. No longer will there be different levels of stamp duty for investors and owner-occupiers. One size fits all. So if you are a future buyer, or if you are a Real Estate Agent then how will they affect you? Listed below is the old figure alongside what you will pay post August 1st.
Download Transfer_Duty_Estimator - Copy(1)
NB: The First Home buyer Grant will continue for now. There will also be a new $10,000 Queensland Building Boost Grant from August to January. The Boost is for anyone (investor or owner occupier) who is building a new home to live in or to rent.
|
Purchase price |
Old Owner occupied |
Old investor |
New figure after August |
|
$250,000 |
$2,500 |
$7,175 |
$6,575 |
|
$300,000 |
$3,000 |
$8,925 |
$8,325 |
|
$350,000 |
$3,500 |
$10,675 |
$10,075 |
|
$400,000 |
$5,250 |
$12,425 |
$11,825 |
|
$450,000 |
$7,000 |
$14,175 |
$13,575 |
|
$500,000 |
$8,750 |
$15,925 |
$15,525 |
|
$550,000 |
$10,600 |
$17,775 |
$17,775 |
|
$600,000 |
$12,850 |
$20,025 |
$20,025 |
|
$650,000 |
$15,100 |
$22,275 |
$22,275 |
|
$700,000 |
$17,350 |
$24,525 |
$24,525 |
|
$750,000 |
$19,600 |
$26,775 |
$26,775 |
|
$800,000 |
$21,850 |
$29,025 |
$29,025 |
|
$850,000 |
$24,100 |
$31,275 |
$31,275 |
|
$900,000 |
$26,350 |
$33,525 |
$33,525 |
|
$950,000 |
$28,600 |
$35,775 |
$35,775 |
|
$1,000,000 |
$31,000 |
$38,175 |
$38,175 |
|
$1,500,000 |
$57,250 |
$64,425 |
$64,425 |
|
$2,000,000 |
$83,500 |
$90,675 |
$90,675 |
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