title: QLD Lowest Level of Transfer Duty in Australia
description: Noosa real estate retains its competitive advantage over similar destinations in other Australian states by having the lowest level of transfer duty (previously known as stamp duty) on property transactions.
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QLD Lowest Level of Transfer Duty in Australia



Noosa real estate retains its competitive advantage over similar destinations in other Australian states by having the lowest level of transfer duty (previously known as stamp duty) on property transactions.

Transfer duty must be paid on the transfer of property.  Some concessions apply to first home buyers which is very welcomed.    The duty is actually based on the purchase price in an arm’s length transaction.    It is payable within 30 days after the contract of sale becomes unconditional.

To demonstrate the attractiveness of Queensland, following are the transfer duties applicable for owner residents buying an established home:

Let’s say you were buying a home for $500,000.      In NSW the duty is $17,990, Victoria $21,970 and Queensland $8875.

When it comes to a purchase of $1mill, NSW duty is $40,490, Victoria $55,000 and Queensland $30,850.

Here in Queensland it represents a considerable saving. Factor this in with our magnificent winter climate and the decision really is a no-brainer!

Want to know how much transfer duty will cost you in Queensland? – Click here to use our financial calculators

Testimonials

Dear Kym, I felt I should send you a formal thank you for your critical input into the recent sale of our property. As you know the property had been on the market for 30 months prior to your direct involvement and you achieved a sale in a short few months!! Of course this was an enormous relief for us and we credit your incredible energy, focus and pragmatism for the rapid sale of the property. We would have no hesitation in the future in dealing with you as a real estate agent and would readily recommend you to others. Thank you again for the enthusiasm , knowledge and customer service you displayed throughout the sale process. It has been a pleasure to deal with you.
Paul and Robyn Bennett