Queensland home concession: new eligibility rules from August 2026
Quick answer: from 1 August 2026, only Australian citizens, permanent residents and specified foreign retirees can claim Queensland’s transfer duty home concessions. Temporary residents now pay general rates plus the 8% additional foreign acquirer duty. For eligible buyers the concessions themselves are unchanged: a $700,000 home still attracts $17,350 duty with the home concession, and nothing for an eligible first home buyer.
The change was announced in the 2026-27 Queensland Budget. The same Budget locked the new-home stamp duty exemption for first home buyers into law and kept the $30,000 First Home Owner Grant for four years. Check any Queensland price in our stamp duty calculator (choose QLD).
What changed on 1 August 2026
- To claim the home concession, first home concession, first home (new home) concession or first home vacant land concession, the buyer must be an Australian citizen, permanent resident or specified foreign retiree.
- Temporary residents pay general transfer duty and the 8% additional foreign acquirer duty on residential land.
- Transactions entered into before 1 August 2026 are not affected.
- Where several people buy together, each claims on their own share, so an eligible buyer can still claim on their interest.
What Queensland buyers pay
| Price | General rate | Home concession | First home buyer (established) |
|---|---|---|---|
| $500,000 | $15,925 | $8,750 | $0 |
| $600,000 | $20,025 | $12,850 | $0 |
| $700,000 | $24,525 | $17,350 | $0 |
| $800,000 | $29,025 | $21,850 | $21,850 |
| $1,000,000 | $38,025 | $30,850 | $30,850 |
How the Queensland concessions work
- Home concession: for any home you will live in. A concessional rate of $1 per $100 applies to the first $350,000, with the standard rates above that.
- First home concession (established homes): deducted from the home concession amount. No duty up to $700,000, phasing out completely at $800,000.
- First home (new home) concession: no duty at any price on an eligible new home. In place since 1 May 2025 and now locked into law.
- First home vacant land concession: no duty on land bought to build a first home.
Other Queensland first home buyer help
- $30,000 First Home Owner Grant for eligible new homes, committed in the Budget for four years.
- 5% Deposit Scheme with a $1,000,000 price cap in Brisbane, the Gold Coast and the Sunshine Coast, and $700,000 elsewhere. See the 5% Deposit Scheme guide.
- Help to Buy shared equity, with the same price caps. See Help to Buy explained.
A first home buyer purchasing a new home in Queensland can combine no stamp duty, a $30,000 grant and a 5% deposit with no LMI. Compare with other states in first home buyer stamp duty by state, see the WA changes from May 2026, and total your upfront costs with the upfront costs calculator.
Frequently asked questions
Who can claim the Queensland home concession from 1 August 2026?
Australian citizens, permanent residents and specified foreign retirees buying a home to live in. Temporary residents pay general rates and the 8% foreign acquirer duty.
Do first home buyers pay stamp duty in Queensland?
Not on an eligible new home at any price, or an established home up to $700,000. A reduced amount applies between $700,000 and $800,000.
How much is stamp duty on a $700,000 home in Queensland?
$17,350 with the home concession, $0 for an eligible first home buyer, or $24,525 at the general rate for an investor.
How much is the Queensland First Home Owner Grant?
$30,000 for an eligible new home. The 2026-27 Budget committed it for four years.
Sources
- Queensland Revenue Office, changes to home concessions from 1 August 2026
- Queensland Revenue Office, first home concession and transfer duty rates
- Queensland Government ministerial statement on the 2026-27 Budget, 23 June 2026
- Figures calculated with our stamp duty calculator. Updated 17 October 2026.
More guides
Tasmania’s first home buyer exemption has ended: what buyers pay now
Tasmania's first home buyer stamp duty exemption ended on 30 June 2026. See what you pay now, from $18,248 on $500,000, and the help left.
WA first home owner rate of duty: the May 2026 changes
From 7 May 2026, WA first home buyers pay no duty up to $600,000 and a reduced rate to $800,000. See the new rules and how much you save.
First home buyer stamp duty exemptions by state (2026-27)
No duty up to $800,000 in NSW and $600,000 in VIC and WA, and no cap in the ACT. Every state's first home buyer stamp duty rules for 2026-27.