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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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Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount 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 fixed term. If the interest only period is not specified, the comparison rate is calculated on a one 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.

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