Understanding Stamp Duty in QLD: A Guide for 2026 Buyers
Queensland's transfer duty (stamp duty) rates are relatively straightforward and include generous first home buyer concessions. For 2025-26, duty is progressive up to 5.5%. Use this calculator to estimate your costs and learn about exemptions that could save you thousands.
FAQ
Q1: How much is stamp duty in QLD on a $500,000 home?
For a standard buyer: first $350k = $0, next $150k ($350k-$500k) at 2.25% = $3,375. That's much lower than NSW or VIC! First home buyers may pay $0 if eligible for the full exemption.
Q2: What first home buyer concessions exist in Queensland?
QLD offers a First Home Concession with full exemption for new homes up to $700,000 and partial for homes up to $550,000 (existing). There's also the First Home Owner Grant ($15,000 for new homes, $10,000 for existing in some areas) – separate from duty. To qualify, you must be a first home buyer, live in the property for at least 6 months, and meet value caps. These combined incentives make QLD attractive for first-timers.
Q3: Do foreign buyers pay extra stamp duty in QLD?
Yes. Foreign persons pay an additional 3% surcharge on top of the regular transfer duty. This applies on top of the normal rates and is calculated on the total property value. It's part of the Queensland government's measures to ensure locals have better access to housing.
Q4: When is QLD stamp duty payable?
Transfer duty must be paid within 30 days of the property transaction (contract date or settlement, whichever triggers liability). Your solicitor or conveyancer will typically handle the payment and lodgement of the documentation with the Queensland Office of State Revenue. Late payment incurs penalties and interest. Budget for this upfront cost.
Note: QLD duty rates and thresholds are indexed annually. This calculator uses 2025-26 rates; confirm with the Queensland government for the latest information.