Big news for first-home buyers in Queensland: from 1 May 2025, stamp duty will no longer apply to eligible purchasers of newly built homes and vacant land.
The Queensland Government has passed new legislation that eliminates stamp duty for first-time buyers purchasing new builds and vacant land, aiming to ease the financial burden on young Queenslanders entering the property market. This move is part of a broader housing strategy designed to improve housing affordability and accessibility across the state.
For many first-home buyers, stamp duty has represented a significant upfront cost—often adding tens of thousands of dollars to the purchase price. By removing this barrier for new builds, the government hopes to stimulate construction, support home ownership, and provide a much-needed boost to the housing sector.
Key points:
- Effective date: 1 May 2025
- Who benefits: First-home buyers purchasing newly built homes and vacant land
- What’s changing: Stamp duty is completely waived for eligible purchases
This reform presents a valuable opportunity for first-home buyers to get a foot on the property ladder with reduced upfront costs. If you're considering buying your first home, it might be worth exploring your options now and planning ahead for these upcoming changes.
For tailored advice on how this could impact your property journey, feel free to reach out to our team at Zettle Conveyancing.
