Anyway Australia has a Land Tax https://www.finance.wa.gov.au/cms/State_Revenue/Land_Tax/What_is_Land_Tax_.aspx#rate_scale Notice the scale shows up to 300,000 A$ the tax is a flat rate of 0 A$, from 300,000 to 420,000 it's a flat rate of 300 A$ then it hits 0.25 % etc.