Stamp Duty Scrapped for First Home Buyers.
In a major win for first-time buyers, the Queensland Government has announced that from 1 May 2025, stamp duty (transfer duty) will be completely removed for first home buyers purchasing a new home, no matter the price.
Previously, first home buyers purchasing vacant land would start paying stamp duty on a block worth more than $350,000. With these changes, First Home buyers who purchase land at (for example) $400,00, could now save $5,300 in stamp duty.
Stamp duty has long been one of the biggest upfront costs stopping many young buyers from purchasing their first home — and this change is set to remove a major barrier.
$30K First Home Owner Grant Still Available.
Alongside the stamp duty concession, first home buyers may also be eligible for the $30,000 First Home Owner Grant — available for new homes valued under $750,000. This grant was doubled in November 2023 to help more Queenslanders enter the market, but it is only available for contracts signed before 30 June 2025. After this date, the grant is expected to return to $15,000.
To be eligible, you must:
- Be at least 18 years of age.
Be an Australian citizen or permanent resident (or applying with someone who is). - Not have previously owned residential property in Australia that you lived in.
- Be buying or building a new home.
- Ensure the total value (including land and upgrades) is under $750,000.
Combined, these incentives could save you thousands of dollars on your first home — a rare and powerful boost for those ready to make the leap into property ownership.
A Stress-Free Path to Home Ownership.
At Park Lake Adare, we know buying your first home can feel overwhelming — but it doesn’t have to be. Here’s how to get started:
- Check your eligibility – See if you qualify for the grant and concession.
- Choose your block – Explore a range of land sizes and price points.
- Find your builder – Work with a trusted builder to design your dream home.
- Secure finance – Use your grant and deposit to apply for your loan.
- Start building – Watch your new life take shape from the ground up.
Don’t Miss This Opportunity!
With limited blocks now selling and these generous government savings in place, there’s never been a better time to secure your future. Make your move before 30 June 2025 to take full advantage of the $30K grant and set yourself up for a fresh start at Park Lake Adare.
Enquire today to learn more about available land and how to get started.
Contact Peter on 0400 224 111 or register your details below.