The Reserve Bank Board has announced the Official Cash Rate will remain at 4.35% for June however the RBA will be keeping a close eye on the impact of the upcoming tax reductions on spending levels and inflation within the Australian economy.
Monthly Archives: June 2024
New Stamp Duty Discounts for First Home Buyers in Qld
June 11, 2024 in Latest News
Premier Steven Miles has announced the 2024-25 State Budget will include new stamp duty discounts for first home buyers in Queensland.
The new stamp duty discounts are noted below:
Purchasing First Home / Duplex / Townhouse / Unit:
| Purchase Price: | Stamp Duty: |
| $1 – $700,000 | $Nil |
| $700,001 – $800,000 | Partial Discount |
Q: How much will this save First Home Buyers ?
A: Up to $17,350.00
Q: When will this take effect ?
A: 9th June 2024
Below are the stamp duty discounts which apply to vacant land
Purchasing Vacant Land to Build Your First Home:
| Purchase Price: | Stamp Duty: |
| $1 – $350,000 | $Nil |
| $350,001 – $500,000 | Partial Discount |
Q: How much will this save First Home Buyers ?
A: Up to $10,675.00
Q: When will this take effect ?
A: 9th June 2024
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