Stamp Duty
Oct 17th 2003, 9:12 am
#1
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Stamp Duty
oweib paid 30k ish on a 500k ish property for costs and stamp duty.
On a 300k property, what would the stamp duty be? Anyone got the schedules?
Badge
On a 300k property, what would the stamp duty be? Anyone got the schedules?
Badge
Oct 17th 2003, 9:15 am
#2
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Joined: Sep 2003
Posts: 2,666
We ar elooking at houses for around your price range too Badger. I would be interested to know too.
A little piece of news on this front...here in NZ we get a lot of Aussie news on Sky TV.. it is very much in the news lately about abolishing stamp duty. It has been discussed in parliament. Some say it could be gone by 2005...not that its any use to us going now!!!
A little piece of news on this front...here in NZ we get a lot of Aussie news on Sky TV.. it is very much in the news lately about abolishing stamp duty. It has been discussed in parliament. Some say it could be gone by 2005...not that its any use to us going now!!!
Oct 17th 2003, 9:31 am
#3
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Re: Stamp Duty
Originally posted by badgersmount
oweib paid 30k ish on a 500k ish property for costs and stamp duty.
On a 300k property, what would the stamp duty be? Anyone got the schedules?
Badge
oweib paid 30k ish on a 500k ish property for costs and stamp duty.
On a 300k property, what would the stamp duty be? Anyone got the schedules?
Badge
Oct 17th 2003, 9:46 am
#4
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
I think you will find each state is different, NSW & Vic are huge money grabbers, the rest of Australia lags behind - as it always does according to some, personally I think thats a good thing especially in this case 
.
Havent got the figures to hand but its a huge difference from memory.
.Havent got the figures to hand but its a huge difference from memory.
Oct 17th 2003, 9:53 am
#5
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Originally posted by MrsDagboy
I think you will find each state is different, NSW & Vic are huge money grabbers, the rest of Australia lags behind - as it always does according to some, personally I think thats a good thing especially in this case.
Havent got the figures to hand but its a huge difference from memory.
I think you will find each state is different, NSW & Vic are huge money grabbers, the rest of Australia lags behind - as it always does according to some, personally I think thats a good thing especially in this case
.Havent got the figures to hand but its a huge difference from memory.
Oct 17th 2003, 10:04 am
#6
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Location: Dreamland AKA Brisbane which is a different country to the UK
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Originally posted by owieb
Yeah I should have said that that one was for WA, thank you MrsDagBoy.
Yeah I should have said that that one was for WA, thank you MrsDagBoy.
Oct 17th 2003, 10:11 am
#7
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Joined: Apr 2003
Posts: 378
Morning Owieb or should I say Good Evening.
Is stamp duty payable on new builds?
BTW thanks for putting my mind at ease with regards :scuba diving and large fish with big teeth
Diane
Is stamp duty payable on new builds?
BTW thanks for putting my mind at ease with regards :scuba diving and large fish with big teeth
Diane
Originally posted by owieb
Yeah I should have said that that one was for WA, thank you MrsDagBoy.
Yeah I should have said that that one was for WA, thank you MrsDagBoy.
Oct 17th 2003, 10:21 am
#8
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Location: Dreamland AKA Brisbane which is a different country to the UK
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Heres some info on Qld - Stampduty info for Qld
Heres the calculator for Vic - Victoria Stamp duty calc
Still looking for NSW, Office of State Revenue website is very confusing!
Heres the calculator for Vic - Victoria Stamp duty calc
Still looking for NSW, Office of State Revenue website is very confusing!
Oct 17th 2003, 10:37 am
#9
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Location: Dreamland AKA Brisbane which is a different country to the UK
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Interestingly, the stamp duty that Owieb paid in WA ie $30,000 would have been around $13,000 in Qld.
NSW stamp duty calculator
South Australian SD Calc
With all these, remember that these calculate the stamp duty payable on the actual transfer of land - stamp duty is also payable on a mortgage (but is considerably less, maybe a couple of thousand dollars).
Also you may get a stamp duty discount of you are a first home buyer - this will also depend on your visa status I guess.
Interesting to know, has anyone had to go through the foreign investment review board?
Diane, yes, its payable on sale of land, the house build is probably liable for it as well would be my guess.
NSW stamp duty calculator
South Australian SD Calc
With all these, remember that these calculate the stamp duty payable on the actual transfer of land - stamp duty is also payable on a mortgage (but is considerably less, maybe a couple of thousand dollars).
Also you may get a stamp duty discount of you are a first home buyer - this will also depend on your visa status I guess.
Interesting to know, has anyone had to go through the foreign investment review board?
Diane, yes, its payable on sale of land, the house build is probably liable for it as well would be my guess.
Oct 17th 2003, 1:34 pm
#10
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Originally posted by MrsDagboy
Interesting to know, has anyone had to go through the foreign investment review board?
Interesting to know, has anyone had to go through the foreign investment review board?
A very simple process of sending the form off and it was approved within a couple of weeks.
Oct 17th 2003, 2:21 pm
#11
huge,throbbing member
Joined: Jul 2002
Location: Maaaaanjerra WA
Posts: 833
Rule of thumb in WA
5% of purchase price for all fees i.e stamp duty,settlement etc
hope this helps
5% of purchase price for all fees i.e stamp duty,settlement etc
hope this helps
Oct 17th 2003, 9:58 pm
#12
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Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
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Originally posted by owieb
Certainly have MrsDagBoy.
A very simple process of sending the form off and it was approved within a couple of weeks.
Certainly have MrsDagBoy.
A very simple process of sending the form off and it was approved within a couple of weeks.
. Only way around it for us for now is property in my name only & that has certain tax implications.Interesting to know how many people have bought properties & then found out later that they needed to go before the FIRB first. I imagine theres a few who might slip though
.
Oct 20th 2003, 4:08 am
#13
Just Joined
Joined: Oct 2003
Location: Live in Perth, WA
Posts: 6
Stamp Duty Schedules
A useful site is www.reia.com.au - the Real Estate Institute of Australia. From here you can access the various state members who have their own online calculators.
In WA stamp duty has increased 15% this year! You also need to check the rules for when stamp duty has to be paid by. The rules are slightly murky here in WA - and you could find yourself in WA paying the duty before you settle. The best advice is to read the rules.
Good luck to you all! Any questions drop me a line!
Andrew
In WA stamp duty has increased 15% this year! You also need to check the rules for when stamp duty has to be paid by. The rules are slightly murky here in WA - and you could find yourself in WA paying the duty before you settle. The best advice is to read the rules.
Good luck to you all! Any questions drop me a line!
Andrew
Oct 20th 2003, 4:29 am
#14
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Joined: Jul 2003
Location: Westleigh, Sydney
Posts: 553
Quite a good "Total Home Buying Costs" calculator here
http://www.commbank.com.au/personal/.../homeloans.asp
http://www.commbank.com.au/personal/.../homeloans.asp
