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Frequently Asked Questions
How is my stamp duty calculated in Queensland?
Your stamp duty is calculated based on various factors. This includes whether or not you’re a first home buyer, the location of your property, how much your property is worth, etc. You can also calculate how much stamp duty you may be required to pay on vacant blocks of land you’re planning to build on.
Do I have to pay stamp duty as a first home buyer in Queensland?
In Queensland, the government abolishes stamp duty for both new and existing properties under $500,000. For properties over this amount, stamp duty is calculated on a sliding scale.
What other costs can I expect to pay when buying a house?
First home buyers often don’t account for some of the many hidden costs - like stamp duty - when buying a home. Instead, their focus is on mortgage repayments and saving a significant deposit. In reality, there are quite a few other costs involved. These costs include conveyancing fees, Lender’s Mortgage Insurance (LMI), building and pest inspections and more.
To learn more, speak to an expert from Inovayt read our blog on the hidden costs of buying a property.
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Simple
Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.
Flexible
Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.
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Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.
