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AAP
AAP
Politics
William Ton

Government reaps $3.5b housing tax windfall: report

Queensland has the lowest property taxes on the east coast, Housing Minister Meaghan Scanlon says. (Dave Hunt/AAP PHOTOS)

Queenslanders have been slugged $3.5 billion more than forecast in stamp duty but the government say that windfall is being reinvested to make housing more affordable.

The state reaped $3.5 billion more than it had budgeted solely from transfer duty receipts in the past three years, with the fees making up a third of the price of a new home, according to a Property Council of Australia report.

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