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No that wasn't the comment. In QLD the threshold does not have automatic indexation. Its been unchanged a while. In NSW by comparison the threshold is indexed annually AND has a three year smoothing process that doesn't abruptly change values subject to tax.

The contract will include the rates information and assist in understanding the unimproved land value. Ask the REA for that info. Of course inflation may see your land values exceed the threshold in no time also.