The Queensland government has announced plans to increase the Duty for foreign  property investors from 3 to 7% from 1 July 2018.

The current duty payable in the other major cities/states are:

Sydney, NSW: 8%

Melbourne, VIC: 7%

Adelaide, SA: 7%.

Perth, WA: 4% after 1 January 2019

Brisb.,Gold Coast, QLD: 3% (7% after 1 July 2018)

RECOMMENDED PROPERTIES TO BUY NOW TO BEAT THE STAMP DUTY INCREASES AND THAT ARE APPROVED FOR FOREIGN BUYERS: 10% deposit all properties, save up to $60,000 in Stamp Duty! All projects selling fast.

SOUTH CITY SQUARE, Brisbane

GOLD COAST APARTMENTS

WEST END,Brisbane 

NEW FIRB (Foreign Investor Review Board) REGULATIONS 9  MAY 2017

These new regulations (Australia Wide) will have far reaching implications for ALL investors, NOT just Foreigners.

Go here to hear the news and HOW it may affect you and the market