Queensland has relatively low stamp duty rates compared to NSW and Victoria, making it more accessible for buyers at most price points. The top rate of 5.75% applies to amounts above $1,000,000. Brisbane's growing popularity has pushed more buyers into higher brackets in recent years.
Get an exact figure for your purchase price — including first home buyer concessions
Open stamp duty calculator →New homes: Zero stamp duty with absolutely no price cap (contracts from 1 May 2025). A first home buyer purchasing a $1.5M new home pays $0 duty.
Established homes: Full exemption under $700,000, scaled concession to $800,000.
Queensland's $30,000 First Home Owner Grant is among the highest in Australia and applies to new homes only. Combined with the stamp duty concession on homes under $700,000, first home buyers in QLD can save well over $40,000 compared to paying full duty.
| Purchase price | Stamp duty | As % of price |
|---|---|---|
| $400,000 | $6,300 | 1.6% |
| $500,000 | $8,750 | 1.8% |
| $600,000 | $12,110 | 2.0% |
| $700,000 | $15,525 | 2.2% |
| $800,000 | $18,940 | 2.4% |
| $1,000,000 | $30,025 | 3.0% |
| $1,500,000 | $49,541 | 3.3% |
Stamp duty is the largest upfront cost but not the only one. Budget for these additional items on top of your deposit and stamp duty:
Stamp duty on a $700,000 property in Queensland is approximately $15,525. Use the calculator above for an exact figure based on your purchase price and buyer status.
Queensland first home buyers purchasing NEW homes (contracts signed 1 May 2025 or later) pay ZERO stamp duty with NO price cap — the most generous new home concession in Australia. For established homes, full exemption applies under $700,000 with a scaled concession to $800,000.
Stamp duty is payable on settlement day — the day you take legal ownership of the property. Your conveyancer will calculate the exact amount and arrange payment as part of the settlement process. You need to have the funds available by settlement.
No — stamp duty cannot be added to your home loan. It must be paid upfront at settlement from your own funds. This is why stamp duty is a critical part of your upfront cost budget alongside your deposit.
For owner-occupiers, stamp duty is not tax deductible. For investment properties, stamp duty forms part of the cost base of the asset and may reduce capital gains tax when you sell, but it is not deductible in the year of purchase. Always confirm with your accountant.