The Queensland State Budget brought in some changes to the transfer (stamp) duty rates and also the new $10,000.00 building boost.

Before the 1st August – anyone looking to buy their principal place of residence, either to upgrade or downsize, or just get a new home – BUY NOW. You may not like them, but even a “Subject to Sale” Contract dated before the 1st August could save around $8,000 on an average house and may enable you to sell your current house a little quicker or help obtain finance approval.

If you want to look at the new rates click on the link below:

http://www.budget.qld.gov.au/current-budget/tax-reform/transfer-duty-rates-building-boost.pdf