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

Frank, we would like to thank you for your efforts and would like to say it was a pleasure dealing with you and your staff, you have made this sale very easy and problem free for us and if the need arises then we will certainly recommend and or use your services again.
Mark and Leanne