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Save Big on Your First Home – With Zero Stamp Duty 

If you're a first-home buyer in Queensland, there’s a remarkable opportunity to eliminate or cut down on your stamp duty costs.

If you’re a first-home buyer in Queensland, there’s a remarkable opportunity to eliminate or cut down on your stamp duty costs.  

How Much Can You Save?  

By purchasing an established house for less than $700,000, you can benefit from zero stamp duty, resulting in an impressive $17,350 in stamp duty savings. This significant financial relief is part of the Queensland Government’s initiative to make homeownership more accessible and affordable for first-time buyers. But don’t worry, if you spend over $700,000 on your first home you will still receive a stamp duty discount for purchases between $700,001 – $799,999. 

The stamp duty concession not only eases your financial burden but also opens possibilities for better budgeting and investment in your new home. With these savings, you can allocate funds toward essential home improvements, furniture, or even setting up an emergency fund.  

Understanding and leveraging this concession can be a crucial step in making your home-buying journey more manageable and financially reasonable. 

If you're a first-home buyer in Queensland, there’s a remarkable opportunity to eliminate or cut down on your stamp duty costs.

Who is Eligible for the First Home Stamp Duty Concession? 

To take advantage of these savings, it’s important to ensure you meet the following eligibility requirements: 

Key Eligibility Criteria for First Home Buyers: 

  • You must be at least 18 years old (some exemptions apply). 
  • You’ve never claimed the first home vacant land concession. 
  • You’ve never held an interest in another residential property in Australia or overseas. 
  • You must move into the home and live there full-time within one year of settlement. 
  • You cannot sell or lease the property before you move in. 
  • The property you are purchasing must be at market value. 
Key Eligibility Criteria for First Home Buyers.

How to Apply for the Concession 

Applying for the first home stamp duty concession is straightforward and can be discussed with your solicitor or conveyancer at the time of purchase. For all your home loan requirements, our team at AAA Loans Australia are here to help you with the process.  

Where Can I Learn More About Stamp Duty Concessions? 

To learn more about the first home stamp duty concession and its benefits, visit the Government’s official website: https://qro.qld.gov.au/duties/transfer-duty/concessions/homes/first-home/ 

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