thread: I need someone to help me crunch some numbers...

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  1. #1
    Registered User

    Dec 2007
    Sunny Qld
    14,682

    A convayencer will be helpful for some of the charges associated with things too.... Like I believe there is a discount on stamp duty or another charge for "primary residence", so if you are selling the place you have and are purchasing a new primary place of residence, you get about $1000 discount.
    Some states offer this - I know queensland has a PPR stamp duty rate and an investor rate.

    Land is calculated on the investor rate - which is higher - because there is no house on it yet, regardless of whether or not there is a house going to be built on it.

    Thats how it works in Queensland anyway.

    In tassie everyone is charged a high rate - no matter if its land, PPR or investment purposes.

  2. #2
    Registered User

    Jun 2010
    Tiny Town
    4,675

    Some states offer this - I know queensland has a PPR stamp duty rate and an investor rate.

    Land is calculated on the investor rate - which is higher - because there is no house on it yet, regardless of whether or not there is a house going to be built on it.

    Thats how it works in Queensland anyway.

    In tassie everyone is charged a high rate - no matter if its land, PPR or investment purposes.
    Yeah I'm not sure about this either, but when I went onto the calculator I put in WA and primary residence, so I guess it worked out any discounts for that state if there are any

  3. #3
    Registered User

    Dec 2007
    Sunny Qld
    14,682

    But it wouldn't be a primary residence if there is no house on it yet - ITMS?

  4. #4

    Mar 2004
    Sparta
    12,662

    In NSW there is no stamp duty on land that costs less than 400k. No idea about WA.

  5. #5
    Registered User

    Jun 2010
    Tiny Town
    4,675

    Yeah, good point... I have no idea what happens in that situation, how they determine if it's a primary residence yet. I cam't say it's just land in the calculator for some reason