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


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3 comments:

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    Although the expected peak in 2012 – 2013 may have dire consequences, the phenomenal ........
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  2. nomzam21 February 2013 at 10:10 pm

    But in the 2013 expectation is much high.
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