All Topics / The Treasure Chest / One nation or a group of small countries?
Hi folks,
I’m a newbie to the forum and I’m going thru a great learning curve reading the wealth of knowledge here.[]
Just a bit of info from this month’s “Money Magazine” re stamp duty differences between states.
Wouldn’t it be wonderful if we had a uniform set of taxes, road rules, rail gauges etc. so we could actually be one nation. Anyway…these are the figures for borrowing $250000 on a $300000 propertySTATE STAMP DUTY STAMP DUTY TRANSFER TOTAL
BORROWINGS PURCHASE FEE
NSW $941 $8990 $58 $9989
VIC $964 $13660 $828 $15452
QLD $720 $4250 $328 $5298
SA $865 $10830 $1325 $13020
WA $625 $9955 $120 $10700
NT $0 $12150 $90 $12240
ACT $0 $9015 $148 $9163
TAS $865 $9550 $132.60 $10547.60When we add the now ever-present GST to the price of new houses I really feel for the low income earners. The possibility of owning a house just gets further and further away
Since I live in Qld I guess I should feel quite happy about being several thousand dollars in front every time I buy and IP. I don’t really as the inequities just disgusts me.
Have a great day
Robert
Veni, Vidi, Vici
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