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

Selling our home was an immensely stressful and sad decision. The process was extremely easy with Richardson and Wrench. The sales team liased with us from day 1 with helpful sales tips through to what to expect sales wise. Their knowledge of the Noosa area is invaluable which reflected in our home being sold second day on the market. If we did it all again Richardson and Wrench will be there again.
John and Kristina Golfin