Stamp Duty on $1,200,000 in QLD
Stamp duty on a $1,200,000 property in QLD (Queensland) is $49,525.00 at the general rate and $42,350.00 if you will live in it. Change the price or buyer below to recalculate with official Queensland rates.
Stamp duty on $1,200,000 in QLD by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $49,525.00 | 4.13% |
| Home you will live in | $42,350.00 | 3.53% |
| First home buyer, established home | $42,350.00 | 3.53% |
| First home buyer, new home | $0.00 | 0% |
| Foreign buyer (duty plus surcharge) | $145,525.00 | 12.13% |
How the $1,200,000 figure is worked out
- General rate: $38,025.00 plus $5.75 per $100 of the $200,000 above $1,000,000 (rounded up to the next $100).
- Home concession rates: $30,850.00 plus $5.75 per $100 of the $200,000 above $1,000,000 (rounded up to the next $100).
First home buyers: No first home concession at $800,000 or more; the home concession rate applies.
Stamp duty near $1,200,000 in QLD
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $950,000 | $35,775 | $28,600 |
| Stamp duty on $1,000,000 | $38,025 | $30,850 |
| Stamp duty on $1,100,000 | $43,775 | $36,600 |
| $1,200,000 | $49,525 | $42,350 |
| Stamp duty on $1,300,000 | $55,275 | $48,100 |
| Stamp duty on $1,400,000 | $61,025 | $53,850 |
| Stamp duty on $1,500,000 | $66,775 | $59,600 |
$1,200,000 stamp duty in every state
At $1,200,000, Queensland ranks number 3 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| New South Wales | $48,187 |
| Tasmania | $49,185 |
| Queensland | $49,525 |
| Australian Capital Territory | $49,750 |
| Western Australia | $52,916 |
| Northern Territory | $59,400 |
| South Australia | $59,830 |
| Victoria | $66,000 |
Frequently asked questions
How much is stamp duty on $1,200,000 in QLD?
Stamp duty on a $1,200,000 property in Queensland is $49,525.00 at the general rate, or $42,350.00 for a home you will live in (home concession rates). That is 4.13% of the price. First home buyer relief does not reduce duty on an established home at $1,200,000; the buyer pays $42,350.00.
Do first home buyers pay stamp duty on $1,200,000 in QLD?
First home buyer relief does not reduce duty on an established home at $1,200,000; the buyer pays $42,350.00. On a new home or off-the-plan purchase it is $0.00.
How much stamp duty does a foreign buyer pay on $1,200,000 in QLD?
$145,525.00 in total: $49,525.00 transfer duty plus $96,000.00 additional foreign acquirer duty (8%).