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| The Bar For non Automotive Related Chat |
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04-08-2007, 05:14 PM
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#1 | ||
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Have Boost, will use it..
Join Date: May 2005
Location: Brisbane
Posts: 4,056
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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. |
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04-08-2007, 06:37 PM
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#2 | ||
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they call me Tibbo
Join Date: Dec 2004
Location: Brisbane
Posts: 6,163
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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
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04-08-2007, 06:43 PM
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#3 | ||
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Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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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. |
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04-08-2007, 06:46 PM
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#4 | ||
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Regular Member
Join Date: Dec 2006
Posts: 308
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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 |
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04-08-2007, 09:10 PM
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#5 | ||
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Have Boost, will use it..
Join Date: May 2005
Location: Brisbane
Posts: 4,056
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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...? |
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04-08-2007, 09:14 PM
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#6 | |||
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they call me Tibbo
Join Date: Dec 2004
Location: Brisbane
Posts: 6,163
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Quote:
 Like I said I am only fishing atm, just googling around to see what info is about.
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04-08-2007, 10:40 PM
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#7 | ||
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Have Boost, will use it..
Join Date: May 2005
Location: Brisbane
Posts: 4,056
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thanks tibbo
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05-08-2007, 07:37 AM
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#8 | ||
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FF.Com.Au Hardcore
Join Date: Oct 2005
Location: Hervey Bay
Posts: 4,198
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[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. |
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Home Purchase Stamp Duty in QLD
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