I was reading off a Stamp Duty Table featured in the current issue of Home Buyer’s Guide mag, and noticed that the stamp duty you pay on a Qld property purchase is much less than any other state.
For example, stamp duty for a property worth $200,000 is $2000 in QLD as opposed to 5490 in NSW and 7660 in Vic and 6830 in SA.
Could this be a misprint? The reason I ask is that I’ve just been quoted $6000 stamp duty for a property I’m thinking of buying in QLD worth 200k by a Financial broker.[?][?]
The broker may be talking about owner occupier rates ??
Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert EinsteinThanks for you responses. I’ve checked out the website you suggested Michael and it does seem the mag got it wrong.
cheers
eausavage….mmm since my last post, I happened to stumble onto the following link and wonder if the Home Buyer’s Guide magazine might have used it’s calc [
]Investment in QLD on $200k borrowed 100%LVR is $2,763 for a owner occupied property but $6,643 for an investment.
From Realestate.com.au
Owner Occupied Concession:
These rates are applicable only where property is not being gifted or transferred between spouses. In these cases, investment rates are applicable.First Home Buyer Rebate:
Full stamp duty exemption for properties valued up to $80,000
– Stamp duty concessions on a reducing scale for properties between $80,000 and $160,000 in metropolitan areas
– Property must be first home and intended as principal residenceChris
No, just Queensland
Chris
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