Stamp Duty on $2,500,000 in QLD
Stamp duty on a $2,500,000 property in QLD (Queensland) is $124,275.00 at the general rate and $117,100.00 if you will live in it. Change the price or buyer below to recalculate with official Queensland rates.
Stamp duty on $2,500,000 in QLD by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $124,275.00 | 4.97% |
| Home you will live in | $117,100.00 | 4.68% |
| First home buyer, established home | $117,100.00 | 4.68% |
| First home buyer, new home | $0.00 | 0% |
| Foreign buyer (duty plus surcharge) | $324,275.00 | 12.97% |
How the $2,500,000 figure is worked out
- General rate: $38,025.00 plus $5.75 per $100 of the $1,500,000 above $1,000,000 (rounded up to the next $100).
- Home concession rates: $30,850.00 plus $5.75 per $100 of the $1,500,000 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 $2,500,000 in QLD
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $1,600,000 | $72,525 | $65,350 |
| Stamp duty on $1,750,000 | $81,150 | $73,975 |
| Stamp duty on $2,000,000 | $95,525 | $88,350 |
| $2,500,000 | $124,275 | $117,100 |
| Stamp duty on $3,000,000 | $153,025 | $145,850 |
$2,500,000 stamp duty in every state
At $2,500,000, Queensland ranks number 6 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Tasmania | $107,685 |
| Australian Capital Territory | $113,500 |
| New South Wales | $118,787 |
| Western Australia | $119,866 |
| Northern Territory | $123,750 |
| Queensland | $124,275 |
| South Australia | $131,330 |
| Victoria | $142,500 |
Frequently asked questions
How much is stamp duty on $2,500,000 in QLD?
Stamp duty on a $2,500,000 property in Queensland is $124,275.00 at the general rate, or $117,100.00 for a home you will live in (home concession rates). That is 4.97% of the price. First home buyer relief does not reduce duty on an established home at $2,500,000; the buyer pays $117,100.00.
Do first home buyers pay stamp duty on $2,500,000 in QLD?
First home buyer relief does not reduce duty on an established home at $2,500,000; the buyer pays $117,100.00. On a new home or off-the-plan purchase it is $0.00.
How much stamp duty does a foreign buyer pay on $2,500,000 in QLD?
$324,275.00 in total: $124,275.00 transfer duty plus $200,000.00 additional foreign acquirer duty (8%).