Unlocking the door for first home buyers
Queensland is unlocking the door to home ownership by abolishing stamp duty for eligible first home buyers purchasing or building a new home in Queensland.
Key points
- The new laws kick-in to abolish stamp duty on new homes for first home buyers and boost housing supply
- Change helps deliver on commitment to lift Queensland home ownership rates which are currently the lowest in the nation
- First home buyers to save tens of thousands of dollars on new homes.
Major cost-of-living relief measures have come into effect from 1 May 2025 and deliver on a key election pledge to help ease the Housing Crisis.
The move means Queenslanders with plans to own their own homes will save tens of thousands of dollars in upfront fees, and get into the housing market sooner.
Across Queensland it will deliver an average saving of $9,906 for a house and land package at median price. In Brisbane North, that’s a saving of almost $39,500 for a house and land package at the median price, and a saving of more than $24,000 in Toowoomba.
In addition to abolishing stamp duty on new homes for first buyers, the State Government is delivering a place to call home for more Queenslanders with a $2 billion investment in housing infrastructure and removing restrictions preventing first home buyers renting out rooms.
The Premier said the Government’s Securing our Housing Foundations Plan was delivering a place to call home for more Queenslanders.
More information on support for first home buyers is available on the Queensland Revenue Office website.
