Stamp Duty on $550,000 in QLD
Stamp duty on a $550,000 property in QLD (Queensland) is $17,775.00 at the general rate and $10,600.00 if you will live in it. Change the price or buyer below to recalculate with official Queensland rates.
Stamp duty on $550,000 in QLD by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $17,775.00 | 3.23% |
| Home you will live in | $10,600.00 | 1.93% |
| First home buyer, established home | $0.00 | 0% |
| First home buyer, new home | $0.00 | 0% |
| Foreign buyer (duty plus surcharge) | $61,775.00 | 11.23% |
How the $550,000 figure is worked out
- General rate: $17,325.00 plus $4.50 per $100 of the $10,000 above $540,000 (rounded up to the next $100).
- Home concession rates: $10,150.00 plus $4.50 per $100 of the $10,000 above $540,000 (rounded up to the next $100).
First home buyers: First home concession: no duty on an established home up to $700,000.
Stamp duty near $550,000 in QLD
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $400,000 | $12,425 | $5,250 |
| Stamp duty on $450,000 | $14,175 | $7,000 |
| Stamp duty on $500,000 | $15,925 | $8,750 |
| $550,000 | $17,775 | $10,600 |
| Stamp duty on $600,000 | $20,025 | $12,850 |
| Stamp duty on $650,000 | $22,275 | $15,100 |
| Stamp duty on $700,000 | $24,525 | $17,350 |
$550,000 stamp duty in every state
At $550,000, Queensland ranks number 2 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $13,560 |
| Queensland | $17,775 |
| New South Wales | $18,937 |
| Western Australia | $20,140 |
| Tasmania | $20,373 |
| South Australia | $24,080 |
| Northern Territory | $27,225 |
| Victoria | $28,070 |
Frequently asked questions
How much is stamp duty on $550,000 in QLD?
Stamp duty on a $550,000 property in Queensland is $17,775.00 at the general rate, or $10,600.00 for a home you will live in (home concession rates). That is 3.23% of the price. An eligible first home buyer pays no duty on an established home at $550,000.
Do first home buyers pay stamp duty on $550,000 in QLD?
An eligible first home buyer pays no duty on an established home at $550,000.
How much stamp duty does a foreign buyer pay on $550,000 in QLD?
$61,775.00 in total: $17,775.00 transfer duty plus $44,000.00 additional foreign acquirer duty (8%).