Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128
E: enquiries@morpheusproperty.com.au
W: www.morpheusproperty.com.au
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01 August 2011

Changes to Boost & Stamp Duty take effect today, 1 August 2011

As of today, there are a few adjustments to how stamp duty is calculated for home owners.

Important points:
  • $10,000 boost when building a new home (PPoR or IP) for anything less than $600k
  • Removal of 'Home Concession' stamp duty concession (now investors pay the same as home owners)
  • Changes to First Home Concession and Vacant Land Concession (some compensation for the removal of 'Home Concession')
  • Changes to Stamp Duty rates
So what is the impact pre & post 1st August 2011 in Queensland? Below are a few examples describing the four main components: stamp duty, concession, first home owner's grant & the building boost grant.

First home owner - Building New @ $450k


First home owner - Buying Established @ $450k


Investment Property - Building New @ $450k


Investment Property - Buying Established @ $450k


3 comments:

Unknown said...

Although the expected peak in 2012 – 2013 may have dire consequences, the phenomenal ........
Stamp Duty

nomzam said...

But in the 2013 expectation is much high.
property locations

Unknown said...

The best thing about your sharing and posting is that you always provide content that is helpful for both the newbie and experts.
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