Home Purchase Stamp Duty in QLD

[Sam_Boss260]

Guys,

Has anyone purchase an owner occupier home in Qld lately? Is there a stamp duty that is applicable, like $10k on a purchase on $500k?

I am NOT a first time home buyer, and last time I bought, which was 5 years ago there was no such thing.

Feedback welcomed.

[Racecraft]

Been looking into purchasing a second place myself abit lately, so I have a few pages bookmarked, I think this is the table applicable to you

Purchase of a residence and intend to make it your home. (no first home buyer concsessions)

Purchase price / valueDuty
Up to $320,000 $1.00 per $100 or part of $100
$320,001 to $500,000 $3,200 + $3.50 per $100 or part of $100 over $320,000
$500,001 to $700,000 $9,500 + $4.00 per $100 or part of $100 over $500,000
More than $700,000 $17,500 + $4.50 per $100 or part of $100 over $700,000

I am no expert by any means but it may help

[Yellow_Festiva]

This will help,

Navigate to stamp duty calculator and your answer for any pruchase price will be there.

http://www.home-loans.com.au/loan-ca...rrer_id=600011

BTW $500K property, stamp duty will be $9500.

[XR8Master]

It may not be a very wise time to be purchasing residential property following the steady rise since the early 90's there is likely to be either a bust or stagnant prices for the next decade.

http://blogs.theage.com.au/malconten...prices_co.html

[Sam_Boss260]

We are selling and buying in the same market... so I'm not too worried about the market.

So according to that website, $9,500 is the stamp duty (which is what I suspected). When the hell did this stamp duty come into play?

Also Tibbo, where did you get your table of info? It seems different to what I'm finding...?

[Racecraft]

Originally Posted by Sam_XR6

Also Tibbo, where did you get your table of info? It seems different to what I'm finding...?

http://www.osr.qld.gov.au/forms_publ...property07.pdf




Like I said I am only fishing atm, just googling around to see what info is about.

[Sam_Boss260]

thanks tibbo

[Pedro]

[QUOTE=Sam_XR6]So according to that website, $9,500 is the stamp duty (which is what I suspected). When the hell did this stamp duty come into play?QUOTE]


It came into play when the state Labour governments renigged on a promise to the federal Liberal government to drop stamp duties and accept GST.
They now get both and have never had such income to waste .. er spend.