First Time Buyers in QLD
#1
First Time Buyers in QLD
Hello All,
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
#2
Drunken Aussie
Joined: Jun 2003
Location: Brisvegas
Posts: 1,080
Re: First Time Buyers in QLD
Depends on your loan amount....
http://www.infochoice.com.au/banking...stamp-duty.asp
If your loan was only $184K then it should be $456. You'd have to borrow $434K for MSD to be $1,456.
http://www.infochoice.com.au/banking...stamp-duty.asp
If your loan was only $184K then it should be $456. You'd have to borrow $434K for MSD to be $1,456.
Originally Posted by Plug
Hello All,
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
Last edited by brisnick; May 29th 2006 at 1:45 am.
#4
Re: First Time Buyers in QLD
Originally Posted by Plug
Hello All,
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
I'm just after some clarification as I seem to be getting 2 stories (one from solicitor and one from mortgage broker) on how much I should have paid as a first time buyer here in Queensland.
On a purchase price of $375,000 I have been charged the following;
Mortgage Stamp Duty = $1,456
Property Stamp Duty = $4,325
I'm expecting a rebate of $400 now we have settled but have also been told the MSD should only be $456??
Can anyone clarify ? Thanks.
#6
Re: First Time Buyers in QLD
iya,
did you get an itemised bill?if so how much did the searches come to?did they add these together by mistake?your solicitor should clarify.
steve.....
did you get an itemised bill?if so how much did the searches come to?did they add these together by mistake?your solicitor should clarify.
steve.....
#7
Re: First Time Buyers in QLD
On a purchase price of $450k, borrowing $350k we paid $7.5k total stamp duty. This was negated by the $7k first home owners grant. Searches were around the $500 mark and conveyancing was about $380