QLD Lowest Level of Transfer Duty in Australia
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

We are really pleased to have listed and sold our property with Gillian and the team at R&W Noosa. The current market is full of contradictory news and views, Gillian navigated them very well. She was able to focus on the key issues that were going to attract buyers to our property. This is really helpful for both vendors and buyers alike. We live overseas, so trust was crucial. She kept us informed of the progress throughout the period of the marketing campaign but didn’t bombard us with trivial issues. When auction day arrived, we had a clear understanding of where the market was. Gillian had attracted a number of registered bidders that exceeded our expectations and ultimately led to our successful auction outcome. If you are after honesty, integrity and results, then Gillian is the agent for you. Whilst tireless in her efforts, she also knows how to leverage the experience from her colleagues at R&W Noosa.
Pete and Amanda Morris