Land tax around Australia

Yes. I can hear you complaining. How boring is land tax? Well you will find it intensely interesting if you understand the thresholds and consider the implications when making your next property purchase.

Outlined below are land tax thresholds for each State and Territory. Of course, you will need to obtain advice from your accountant about your specific situation and discuss the thresholds when considering your next property purchase.

Note that these thresholds are for individuals and normally excludes your principal place of residence. Buying in other structures (SMSFs, companies, trusts) will often have lower thresholds or even none at all in some cases.

Big changes
One of the biggest changes to land tax rates occurred in the June 2019 Queensland Budget with a notable change to the base threshold from $599,999 down to $349,999. This means those who have never paid land tax before, may now qualify. A quick reminder that we are talking about land value as opposed to the full 'bank' value of your property, so take a deep breath before you call your accountant to check if you now have to find another $1,450 plus a few extra thousand to cover taxes from here on.

Apart from Queensland, in the past 12 months slight changes have been made to land tax thresholds in New South Wales, the Australian Capital Territory and South Australia, while no changes were made to Victoria, Tasmania or Western Australia.

There is no land tax in the Northern Territory.

Author: Debra Beck-Mewing


Debra Beck-Mewing is the Founder and CEO of The Property Frontline.  She has more than 20 years' experience in property investing, Australia-wide and has used a range of strategies to build her property portfolio including renovating, granny flats, sub-division and development. Debra is skilled in identifying development opportunities, and sourcing properties that have multiple uses and multiple exit strategies.  She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. As a passionate advocate for increasing transparency in the property and wealth industries, Debra is a popular speaker on these topics.  She is also an author, podcast host, Editor in Chief of Property Portfolio Magazine and participates on numerous committees including the Property Owners' Association.

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Disclaimer – This information is of a general nature only and does not constitute professional advice.  We strongly recommend you seek your own professional advice in relation to your particular circumstances.

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