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How can I reduce the amount of stamp duty I need to pay in QLD?

You can reduce the amount of stamp duty payable in Queensland through various concessions and exemptions provided by the Queensland Government. Some strategies include:

  1. First Home Concession: Stamp duty may be reduced or waived for eligible first home owners in QLD.
  2. First Home Buyer Grant: This grant provides financial assistance to first-time buyers purchasing or building a new home.
  3. Home Concession: Applies to buyers who intend to live in the property as their principal place of residence.
  4. Regional Concessions: Certain regional areas may offer additional concessions to promote property ownership and development.

Consulting with a professional can help you navigate these options based on your specific circumstances.

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Important information about our rates
*Our home loan rates are based on loan-to-value ratio (LVR) pricing and loans are subject to credit criteria and eligibility requirements. Rates apply to new customers only and are subject to change without notice.

Comparison rates are based on a loan amount of $150,000 over a 25-year term. They factor in fees associated with applying for the loan, ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the specified fixed term. If the interest only period is not specified, the comparison rate is calculated on a 5-year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Other legal information
At Tiimely Home we are not financial advisers and recommend seeking independent financial and legal advice to check how the information we provide aligns with your individual circumstances.