longreach

Not seen a thread on this so thought I would summarize for everyone. Some good savings for first time buyers coming up in QLD.

From 1st July 2008, the stamp duty threshold will be increased to $350,000 for first time buyers... saving $1,650

From 1st September 2008, the stamp duty threshold will be increased to $500,000 for first time buyers... saving $9,500

There will be also some minor savings for non first time buyers.

So if you are a first time buyer and looking to buy very soon, maybe hang on until at least 1st July.

Cheers.

asprilla

I think that most 1st home buyers are couples with $100k+ income so are looking at purchasing between $350 and $500. I would wait until september.... !

bcworld

I also heard that Qld were planning to be the first state to means test the FHOG. Not exactly means testing, but that it would not be payable for $1M+ properties......probably not affecting a great many first home buyers though!

Hasn't the burden of stamp duty been increased on high value properties as well?

mydearboy1

wow THATS HIGH FOR FIRST TIME BUYERS COMPARED TO THE UK.

Here it is about $200k to max i would say of $350k (outside of London obviously)!