Stamp Duty Threshold Increased for First Home Buyers in Queensland

Published on June 9, 2024

First-home buyers in Queensland will be better off under a budget commitment to increase the threshold for the first homeowner concession on stamp duty. The Queensland government will increase the concession on transfer duty from $500,000 (US$330,000) to $700,000 in Tuesday’s budget with the concession then phasing out up to values of $800,000. Premier Steven Miles and Deputy Premier Cameron Dick said the changes will target first-home buyers. “The fact of the matter is, the best we can do for a Queenslander’s cost of living for the lifetime is help get them into their first home,” the premier told reporters on Sunday....

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