So as an indication in Queensland stamp duty is 3% of the purchase price. So if you pay, like i just have for a new BMW S1000RR you fork out $24,000 + $720 stamp duty, $480 for rego and CTP and then $800 for full cover insurance just to roll it out of the dealership door.
For new luxury cars we pay the 3% but also a luxury tax on cars over $59,133AUD. (so most European cars come with a luxury tax) which is presently an additional 33% on top of the purchase price.
You only apply LCT to the value of the vehicle above the LCT threshold, less GST 10%. Generally, the LCT rate for cars delivered or imported after 3 October 2008 is 33%.
I think stamp duty is different for every state in Australia.
Jump on to
www.bikesales.com.au to see new and used prices of bike in aus.
A Ducati Panigale S is roughly $33,000AUD
A Ducati Panigale standard is roughly $28,000AUD
and a second handTriColour S is $39,000AUD
To put it into some context though the (according to the government at least) average wage is $40,000 p.a. However some miners and say IT peeps are earning $150,000+ p.a
Living in Aus is not cheap that is for sure lol
