I have heard NSW stamp duty is significantly higher than QLD. Is this the case and why? Thanks…
The method used to calculate land tax is totally different in each state. Refer to each state's OSR website to work out thresholds and method of calculation.
I think that QLD is the only State which charges more stamp duty for investors – all the others it is the same for owner occupiers and investors. I think if you are an investor in QLD it works out more than it would in NSW.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Yes in Qld it is around 2.7 x as much as if it was for an owner occupier.
Richard Taylor | Australia's leading private lender
NSW stamp duty rules are going through some interesting revisions at the moment
Another case of smoke & mirrors – wasn't there already an exemption from stampduty for newly built housing costing less than $600k. Even more smoke when they have 'extended' this generosity to pensioners.
Note also that there is a cap in place and that the article notes that the average price of a house/unit in NSW not the median price in Sydney or the median price of a new house/land, just to make the generosity look greater.
Hi propertymisto
The calculator on the following web page is interesting for checking out how the various Stamp Duty systems work in each State:
http://www.rams.com.au/default.asp?page=/calculators/stamp+duty+calculatorWhy are the different? Politicians
Cheers, Paul
Paul Dobson | Vendor Finance Institute
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