Stamp Duty Rates, Discounts & Government Grants Queensland (QLD)

! Update: New stamp duty rates and government grants for Queensland came into effect on the 1st of August 2011. See the new stamp duty rates and grants.

Queensland is rewarding 1st home buyers with stamp duty discounts, lower stamp duty rates, and grants. No help for property investors through.

Presently there are 3 main discounts and grants:

- Home Concession - First Home Concession - First Home Owner’s Grant

First Home Owner’s Grant

You can get the ‘First Home Owner’s Grant’ of $7,000 only if:

  • You plan on living in the property for at least 6 months
  • The purchase price is less than $750,000

This grant is part of a federal government initiative and is offered Australia-wide.

Home Concession

You can claim a home concession if you:

  • buy a home and move into it within one year of the date of transfer or acquisition
  • live in the home as your principal place of residence
  • do not sell, transfer, lease or otherwise grant exclusive possession of part or all of the home, or surrender the lease to another person(s) before moving in or within one year of the date you move in.

You can see the Home Concession Stamp Duty Rates below.

First Home Concession

If you have never owned a home before, you may be entitled to a ‘first home’ concession (which is greater than the home concession).

You can claim a first home concession if you:

  • buy a home and move into it within one year of the date of transfer or acquisition
  • live in the home as your principal place of residence
  • do not sell, transfer, lease or otherwise grant exclusive possession of part or all of the home, or surrender the lease to another person(s) before moving in or within one year of the date you move in
  • have never held an interest in residential land anywhere in the world
  • have never claimed the first home vacant land concession
  • are at least 18 years of age (we may waive this requirement in special circumstances).

You can see the First Home Concession Rates below.

Can I get government grants or stamp duty discounts with an investment property?

For an investment property regardless of whether it is your first home or not you cannot get a grant or stamp duty discount.

Stamp Duty Rates & Thresholds QLD 2011

Non-Principal Place of Residence e.g. Investment Property

Value / Price

Duty Rate

Up to $5,000

 Nil

$5,000 to $75,000 

1.5% of dutiable value

$75,000 to $540,000

$1,050 + 3.5% of dutiable value over $75,000

$540,000 to $980,000 

$17,325 + 4.5% of dutiable value over $540,000

More than $980,000 

$37,125 + 5.25% of dutiable value over $980,000

Principal Place of Residence (Home)

Value / Price 

Duty rate 

Up to $350,000

1% of dutiable value

$350,001 to $540,000

$3,500 + 3.50% of dutiable value over $350,000

$540,001 to $980,000

$10,150 + 4.50% of dutiable value over $540,000

More than $980,000

$29,950 + 5.25% of dutiable value over $980,000

Concession For First Home Buyers

Value / Price

Concession

Not more than $504,999.99

8,750

$505,000 to $509,999.99

7,875

$510,000 to $514,999.99

7,000

$515,000 to $519,999.99

6,125

$520,000 to $524,999.99

5,250

$525,000 to $529,999.99

4,375

$530,000 to $534,999.99

3,500

$535,000 to $539,999.99

2,625

$540,000 to $544,999.99

1,750

$545,000 to $549,999.99

875

$550,000 or more

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Stamp Duty & Grants Calculator

Want to calculate how much stamp duty you will have to pay and how much in government grants you can receive?

Use the Free Online Stamp Duty & Government Grants Calculator – only on My Money Calculator.