Hey guys,
What’s the difference (in terms of what you need to know to invest) between QLD and NSW?
I mean, specifically, the difference in tax, law and stuff that involves property investing.
Thanx for any help
.Financially Independent = Gateway to FastTrack
Stamp duty is less in QLD than NSW if you are buying a property as your PPOR, but I found out recently that QLD is the only state that increases the SD if the property is being purchased as an investment. Not sure if this evens out the difference between the states for SD in the end or not.
Anastasia
Penguin
Are you looking at wrapping or property investing.
If you are considering wrapping in Qld then you need to be aware of a few issues including:
1) When the FHOG is paid.
2) Stamp Duty scales and dates due.
3) Some variabces under the Qld Property Act.Lastly one big difference. Properties in Qld (excluding Brisbane) and significantly cheaper than NSW.
Ohhps did i let the cat out of the bag on that one.
Cheers Richard
richard at fhog.com.au
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Hm.. thanx guys.
I’m looking for an investment property in QLD for B&H and maybe wraps.
Financially Independent = Gateway to FastTrack
btw according to the calculator that georgisj gave, QLD pays more stamp duty than NSW?!
Financially Independent = Gateway to FastTrack
guys? girls? According to http://www.reiv.com.au/information/pg_info_calc.html
QLD pays more stamp duty than NSW, is this true?Financially Independent = Gateway to FastTrack
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