Stamp duty in QLD is calculated on a sliding scale according to your property value (referred to as the dutiable value).
In Queensland, purchases of owner-occupied residential properties qualify for a home concession on stamp duty (see below for the definition of owner-occupied). This means you are eligible for a different rate of stamp duty.
The stamp duty rates for owner-occupied homes are as follows:
Investment properties will not be eligible for the above rates, as they attract the full rate of stamp duty.
Yes, there are.
The Queensland government charges a land transfer fees on property purchases, which is based on property purchase price. It also charges a fixed mortgage registration fee.
If you are getting a home loan, you also generally need a deposit, and there may also be other costs associated. Please see our deposits & upfront costs calculator.
To be eligible for the home concession for stamp duty in Queensland, you must:
- Move into the home within 1 year of the settlement date, and live there on a daily basis
- Not lease, sell, or otherwise grant exclusive possession of the property (or any part of the property) before moving in
Please note that separate requirements apply when purchasing vacant land to build a house on.
Foreign owners are eligible for the home concession, but still must pay the additional foreign acquirer duty.
Yes, Queensland has a first home concession, which reduces the amount of stamp duty payable on homes costing less than $550,000. It is calculated on a sliding scale, based on the property value.
To be eligible, you must:
- Have never claimed the first home vacant land concession
- Have never owned property (whether solely or jointly) either in Australia or overseas
- Be at least 18
- Meet the residence requirements of the home concession, i.e. move in within 1 year of settlement, and not leasing, selling, or otherwise disposing of any part of the property prior to moving in
- Be buying a property valued below $550,000. If the property value is above $500,000 and below $550,000, then you must be paying market value for the property.
- Not lease, sell, or otherwise dispose of any part of the property after moving in, for at least 1 year. You also must not demolish the property in this timeframe.
For jointly held properties, then you may be entitled to a first home concession on your share, even if the other person does not qualify.
Foreign owners can also claim this concession, but still may be subject to the additional foreign acquirer duty.
You may also be eligible for a first home owner grant under the Queensland government scheme. This is separate to the stamp duty concession.
In Queensland, foreign owners need to pay Additional Foreign Acquirer Duty (AFAD), also known as foreign purchaser stamp duty. This is in addition to standard stamp duty rates. Surcharge purchaser duty is calculated as 7% of the property value.
You are not considered a foreign owner if you are any of the following:
- an Australian citizen
- a permanent resident
- a New Zealand citizen with a special category visa.
If you are a foreign owner, please note that you may be subject to other costs, in addition to this stamp duty surcharge.
The calculator on this website is provided for your information only and is to illustrate scenarios. The calculator results are intended as a guide only and are an estimate or approximate guide only, based on the information you input. The calculator should not be relied upon for the purposes of entering into any legal or financial commitments.
The results should not be taken as a substitute for professional advice, and do not constitute professional advice. You should consider seeking independent legal, financial, taxation or other advice for your unique circumstances.
All reasonable care has been taken in preparing and designing the calculator; however, OwnHome Services Pty Ltd provides no warranties and makes no representation that the information provided by the calculator is correct, appropriate for your particular circumstances, or indicates you should follow a particular course of action. Calculations are for buying owner-occupied homes, and do not apply to land nor to investment properties. Other fees and charges may also apply.
OwnHome Technologies Pty Ltd is a related body corporate of OwnHome Services Pty Ltd ACN 664 492 059, ABN 77 648 597 184, which is a corporate authorised representative (#547794) of Allied Financial Consulting Pty Ltd, ACL 393845.