Stamp Duty Calculator QLD
DISCLAIMER: IMPORTANT INFORMATION ABOUT OUR STAMP DUTY CALCULATORS
The calculator on this website is offered for informational purposes only, serving to demonstrate possible scenarios. The results generated by the calculator are intended solely as a general guide and an estimation, founded upon the data you have supplied. It is essential to understand that reliance on the calculator for making legal or financial decisions is not advised.
The outcome provided by this tool is not a replacement for expert consultation and should not be interpreted as professional counsel. It is important to consider obtaining independent legal, financial, taxation, or other advice that pertains to your particular situation.
Broker Circle Pty Ltd exercises due diligence in the creation and maintenance of this calculator; nevertheless, we do not guarantee the accuracy or suitability of the information provided for your specific circumstances, nor do we suggest any specific course of action based on these calculations. The calculator is configured for purchasing owner-occupied homes only and its use is not intended for land purchases or investment properties. Be aware that additional fees and charges may apply.
Last updated: 5 August 2023. BrokerCircle's calculator reflects the updates for the 2023-2024 financial year.
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Frequently asked questions
Everything you need to know about Queensland transfer duty
How is stamp duty calculated in QLD?
In Queensland, the calculation of stamp duty is based on the dutiable value of the property, which varies on a graduated scale.
For residential properties designated as owner-occupied, a concessional rate of stamp duty is applied, differing from the rate used for other types of property transactions.
The stamp duty rates for owner-occupied homes are as follows:
- $350,000 or less: Stamp duty is charged at $1.00 per $100 of the property value.
- $350,000 - $540,000: The duty is $3,500 plus an additional $3.50 per $100 over $350,000.
- $540,000 - $1,000,000: The duty is $10,150 plus an additional $4.50 per $100 over $540,000.
- Over $1,000,000: The duty is $30,850 plus an additional $5.75 per $100 over $1,000,000.
Investment properties do not qualify for these owner-occupied rates and are subject to the full stamp duty rate.
What are other Mandatory Upfront Fees?
In addition to stamp duty, the QLD government imposes land transfer fees, which are calculated based on the property purchase price. There's also a fixed mortgage registration fee. Furthermore, when securing a home loan, generally a deposit is required along with other possible associated costs. Our calculator for deposits and upfront costs can provide more detailed information.
What are the eligibility for the Home Concession Rate
To qualify for the home concession rate on stamp duty in QLD, you must:
- Move into the home within 1 year of the settlement date and live there daily.
- Not rent out, sell, or give exclusive possession of the property or any part of it before moving in.
Special conditions apply for buying vacant land intended for building a home.
Foreign owners can access the home concession but are also liable for the additional foreign acquirer duty (AFAD)
Does Additional Foreign Acquirer Duty (AFAD) apply to me?
Foreign owners in QLD are subject to AFAD, which is 7% of the property value, additional to the standard stamp duty rates. You are not considered a foreign owner if you are an Australian citizen, permanent resident, or a New Zealand citizen with a special category visa. Additional costs may apply to foreign owners beyond the stamp duty surcharge.
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