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Property News

Queensland Stamp Duty Rockets

August 04, 2011

Recent Queensland changes mean deductions on stamp duty can no longer be claimed on properties that will be a primary place of residence.

 

While this will see stamp duty costs shoot up in that state, Queenslanders still have the lowest stamp duty rates of any Australian state.


Victoria has the nation's highest stamp duty rates.


State-by-state, the stamp duty on a typical $600,000 home is estimated at:

 

 

Victoria $31,070;
South Australia $30,852;
Northern Territory $29,700;
ACT $26,700;
New South Wales $22,895;
Western Australia $22,895;
Tasmania $21,767;
and Queensland $21,415.

 

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