Buying a home in Queensland comes with extra costs beyond the purchase price. One of the biggest expenses is stamp duty, a tax on property transactions that many buyers don’t factor into their budget early enough. Underestimating this cost can lead to unexpected financial strain, making it harder to secure the right home loan.
Many homebuyers in Rockhampton and across Queensland ask:
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How much stamp duty will I pay?
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Do first-home buyers get a discount?
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Can I avoid stamp duty altogether?
The good news? Stamp duty costs aren’t always fixed. There are concessions, exemptions, and calculators that help you estimate what you'll owe. If you’re unsure where to start, this guide breaks down everything you need to know—including how the leading mortgage broker in Rockhampton can help structure your loan around these costs.
1. What is Stamp Duty and Why Does It Matter?
Stamp duty, also known as transfer duty, is a tax you pay when buying property in Queensland. It applies whether you’re purchasing a home to live in or an investment property. The cost is based on the property’s value, and it must be paid before the property title is transferred into your name.
Unlike other homebuying costs, stamp duty is due upfront. That means it’s not included in your mortgage, and you’ll need to have enough savings to cover it. If you don’t factor it into your budget early, it could impact how much you can afford to borrow.
2. Stamp Duty Exemptions & Concessions in Queensland
Some buyers qualify for stamp duty discounts or exemptions, helping reduce upfront costs. Here’s what’s available:
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First Home Buyer Concession: If you're buying your first home for less than $700,000 you could pay no stamp duty at all.
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A partial discount applies for homes valued between $700,000 – $800,000.
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Over $800,000 there are no concessions for first home buyers.
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Vacant Land Concession: If you're a first-home buyer purchasing land under $350,000, you could pay no stamp duty at all.
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Principal Place of Residence Concession: If you’re buying a home to live in (not as an investment), you may pay less stamp duty than investors.
These concessions can save thousands of dollars, so it’s worth checking if you qualify.
3. How to Use a Stamp Duty Calculator for Queensland Properties
A stamp duty calculator helps estimate your costs based on property price, location, and buyer type. To use one, you’ll typically need to enter:
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Enter the property purchase price.
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Indicate whether you’re a first-home buyer.
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Specify whether the property is for investment or owner-occupation.
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Select the property type (house, land, apartment).
Most banks and financial services provide free online calculators, including the Queensland Revenue Office (QRO) Stamp Duty Estimator. These tools give an instant estimate, but keep in mind that your final duty may vary depending on specific concessions and exemptions.
4. Do First-Home Buyers Pay Stamp Duty in Queensland?
Not always. First-home buyers purchasing a property under $700,000 pay zero stamp duty, thanks to the First Home Concession. If the property is between $700,000 – $800,000, a reduced rate applies.
However, if the property price exceeds $800,000, the standard rates apply, and there are no further discounts. That’s why first-home buyers often try to stay under the concession threshold when purchasing
5. Stamp Duty on Investment Properties in Queensland
Stamp duty rates for investment properties are higher than for homes you intend to live in. Investors don’t receive concessions like first-home buyers or owner-occupiers, so the full duty applies based on the property price.
For example:
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A $600,000 home for an owner-occupier might attract lower stamp duty or even an exemption.
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A $600,000 investment property will require full stamp duty payment, which can be thousands of dollars more.
Before purchasing an investment property, it’s smart to calculate stamp duty in advance and include it in your total financing plan.
6. How Finance First Your Mortgage Broker in Rockhampton Can Help
Stamp duty is just one of the many costs you’ll face when buying a home, and it can impact how much you need to borrow. At Finance First, we help Rockhampton homebuyers and investors:
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Estimate stamp duty costs so there are no surprises.
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Structure your home loan to manage upfront costs effectively.
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Secure the best loan for your situation, whether you're a first-home buyer or an investor.
Our principal mortgage broker, John MacMaster, has years of experience helping clients in Rockhampton secure the right financing solutions while factoring in stamp duty costs.
Conclusion
Stamp duty can be a significant upfront cost, but knowing how much you’ll pay—and whether you qualify for exemptions—can make a big difference in your homebuying journey. Whether you’re a first-home buyer or an investor, planning ahead ensures you don’t run into unexpected expenses.
Want expert guidance? Finance First your Mortgage Broker in Rockhampton can help you navigate stamp duty costs and find the right loan for your needs. Use our stamp duty calculator and speak to our team today to make sure your home loan is structured the right way.