The Queensland budget abolition of the home duty concession will increase the tax imposed on a buyer of a relatively low priced $350,000 home from the current $3,500 to $10,675 effective 1 August 2011, a 205% increase, or more than triple the previous tax payable.  Another example is that stamp duty tax on a home purchased for $500,000 will increase from $8,750 to $15,525 which is a 77% increase.   http://www.budget.qld.gov.au/current-budget/tax-reform/index.shtml