Stamp Duty Calculator Queensland

First Home Concession and First Home Vacant Land Concession are available and specifically designed for first-home buyers in Queensland. You will have to meet the eligibility criteria to qualify for these. And if you don't meet them, you may still qualify for the Home Concession.

First Home Concession (Established Homes)

In this concession, eligible first-home buyers will not have to pay stamp duty on properties valued up to $700,000 and will receive a discounted rate for homes between $700,001 and $800,000. Standard rates apply above $800,000.

Eligibility Criteria

• You must be at least 18 years old.
• You have never owned a home in Australia or overseas.
• You have never claimed the First Home Concession before.
• You must move in within 1 year of settlement and make it your principal place of residence for at least 1 year.

First Home Concession Rates

Source: QLD Government

First Home Vacant Land Concession

For vacant land, eligible first-home buyers will not have to pay stamp duty up to $350,000, with discounts available for land between $350,001 and $500,000. Standard rates apply above $500,000.

Eligibility Criteria

• You must be at least 18 years old.
• You must be buying the land as an individual (not a company or trust).
• You have never claimed the First Home Vacant Land Concession before.
• You must build your first home, move in, and live there as your primary place of residence within 2 years of settlement.
• You can only build one home on the land.
• The land must be vacant at the time of purchase, with no existing buildings or structures.

First Home Vacant Land Concession Rates

Source: QLD Government

If you don’t meet the first-home buyer criteria, you may still qualify for the Home Concession, which applies if:

• You are at least 18 years old.
• You are purchasing a home (not vacant land) that will be your principal place of residence.
• You move in within 12 months and live there for at least 1 year.

The Home Concession reduces stamp duty costs but does not eliminate them entirely like the First Home Concession.

Home Concession Rates

Source: QLD Government

The stamp duty amount depends on your property price and whether you're and whether you qualify for any concessions. Here are the scenarios for $500k, $750k and $1 million properties.

Note: Foreign buyers must pay an additional 8% surcharge on top of the standard duty.

In Queensland, stamp duty must be paid within 30 days of settlement. You should always make sure you’ve allocated the amount for stamp duty before the settlement day, alongside any solicitor’s fees, removalist fees, and other expenses.

Interest charges and penalties will apply. The Unpaid Tax Interest (UTI) starts accruing daily, currently at 12.36% for 2024–25, from the due date until full payment is made.

You might also be hit with a late lodgement penalty if you don’t submit the required documents on time.

If the payment remains overdue, the Queensland Revenue Office may take legal action to recover the unpaid amount, plus any extra charges.

In addition to stamp duty, there are other government fees and property-related expenses you need to budget for:

Government Fees

• Mortgage Registration Fee – $231.98 (It is a flat fee charged for registering the mortgage on the property title.)
• Transfer Fee – $231.98 + additional fee for lodging a transfer if the consideration is more than $180,000 – $43.56 for each $10,000 or part of $10,000 more than $180,000

• Loan application fees
• Conveyancing and legal fees
• Mortgage registration fees
• Lenders Mortgage Insurance (LMI) (if applicable)
• Building and pest inspections

Be prepared for the hidden costs of buying a property. Plan ahead!