Eligible first home buyers in Queensland pay no stamp duty on a new home or on vacant land to build, with no price cap. On an established home the first home concession removes duty up to $700,000 and reduces it up to $800,000.
Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the authorZero duty on new homes with no price cap is one of the most generous settings in the country. For a Queensland first home buyer, the choice between a new and an established home can be worth a large amount in duty alone.
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General information only. This page provides general information based on first home buyer settings current in 2026. It is not financial advice, a quote, or a guarantee, and your personal circumstances have not been considered. Grant amounts, caps, eligibility and scheme places change and vary by circumstance, and some help applies only to new homes. Always confirm current grants and your eligibility with the Queensland Revenue Office, Housing Australia, or a licensed mortgage broker. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.