Queensland Government Collects an Extra $3.5 Billion in Stamp Duty Tax

A report has revealed that the Queensland government has received an extra $3.5 billion in stamp duty over the last 3 years.

A Queenslander type house in Brisbane, on July 3, 2013. AAP Image/Dan Peled

A new report by the Property Council of Australia has revealed that the Queensland government has collected an additional $3.5 billion (US$2.3 billion) in stamp duty over the last three years.

Stamp duty applies when you buy or transfer a property. According to the Executive Director of Property Council’s Queensland Division, Jess Caire, stamp duty makes up one-third of the price of a new home in Queensland.