Queensland first home buyers buying a home valued up to $500,000 do not have to pay mortgage duty. Queensland first home buyers can also benefit from transfer stamp duty concessions that could save them up to $8,750 on transfer stamp duty costs.
Regional Bonus
First home buyers purchasing a newly constructed property in regional Queensland may be eligible to receive an additional bonus of $4,000 on top of the $7,000 First Home Owner Grant. Elgibility for the regional bonus is the same as for the FHOG, with the addition of purchasing in specified regional areas.Â
Non-eligible council areas include:
- Brisbane City Council
- Gold Coast City Council
- Ipswich City Council
- Lockyer Valley Regional Council
- Logan City Council
- Moreton Bay Regional Council
- Redland City Council
- Scenic Rim Regional Council
- Somerset Regional Council
- Sunshine Coast Regional Council
First Home Buyer Concession and First Home Buyer Help
The move is an added incentive to escape the rental trap and buy your first home sooner. To ensure that you maximise on this opportunity and find the home loan that is in your best interest, call us on 13 LOAN (+61 2 9249 3739 direct) or complete our brief mortgage broker request form.
Queensland Office of State Revenue
In Queensland, the first home buyer grant and home buyer stamp duty concessions are fully administered and funded by the Queensland Office of State Revenue. To contact the QLD OSR call 1300 300 734.
