Do I have to pay stamp duty when buying property in Queensland?

Yes, all property buyers in Queensland must pay transfer duty (commonly called stamp duty) when purchasing real estate.

How Stamp Duty is Calculated

Queensland transfer duty is calculated on a sliding scale based on the property value:

• Up to $5,000: $0
• $5,001 - $75,000: $1.50 for each $100 or part of $100 over $5,000
• $75,001 - $540,000: $1,050 plus $3.50 for each $100 or part over $75,000
• $540,001 - $1,000,000: $17,325 plus $4.50 for each $100 or part over $540,000
• Over $1,000,000: $38,025 plus $5.75 for each $100 or part over $1,000,000

First Home Buyer Concessions

First home buyers may be eligible for:

First Home Concession:

• No transfer duty on homes valued up to $500,000
• Reduced duty on homes valued $500,001 - $550,000
• Must move in within 12 months and live there for 12 continuous months

First Home Vacant Land Concession:

• No transfer duty on vacant land valued up to $250,000 (if you build within 2 years)
• Reduced duty on land valued $250,001 - $400,000

When Must It Be Paid?

Transfer duty must be paid within 30 days of the contract date (or settlement, whichever is earlier). Late payment attracts penalties and interest.

How to Calculate

Use the Queensland Revenue Office’s online transfer duty calculator or contact our office for an accurate assessment based on your circumstances.