How the first home concession is assessed
Source: Queensland Revenue Office, verified November 2026. Thresholds and conditions change at budget time; the figures here are reviewed each February and July.
What the numbers look like
| Purchase price | Home concession duty (any owner-occupier) | Eligible first home buyer, established home |
|---|---|---|
| $550,000 | $10,600 | Nil |
| $700,000 | $17,350 | Nil |
| $730,000 | $18,700 | $6,555 |
| $760,000 | $20,050 | $13,110 |
| $795,000 | $21,625 | $19,890 |
| $850,000 | $24,100 | $24,100 |
| $1,000,000 | $30,850 | $30,850 |
Any price: the Queensland stamp duty calculator applies the same rules and shows the standard duty beside the concession.
The grant is a separate question
The $30,000 First Home Owner Grant for new homes continues for eligible contracts signed from 1 July 2026, with its own conditions. It is paid in addition to the duty concession.
Where the concession meets the lender's assessment
Because Queensland's new-home concession has no cap, a first home buyer weighing a new build against an established home at the same price is comparing a nil-duty purchase with one that may carry $20,000 or more in duty above $800,000. That difference sits alongside the lender's view of construction lending and off-the-plan risk, which is a separate assessment, and the two should be weighed together before the contract is chosen.
Two short reads go further: why scheme eligibility and serviceability are separate tests, and the borrowing capacity calculator, which works the way an assessor does rather than the way a bank's advertising does.
Questions buyers ask
Do first home buyers pay stamp duty in Queensland?
Not on a new home: for contracts from 1 May 2025 the first home (new home) concession reduces duty to nil at any price. On an established home there is no duty to $700,000, a tapering concession to $800,000, and the home concession rate above that.
What is the difference between the home concession and the first home concession?
The home concession is for anyone buying a home to live in and lowers the rate on the first $350,000. The first home concession is an additional deduction for eligible first home buyers of an established home valued under $800,000, calculated on top of the home concession.
Is there a price cap for first home buyers in Queensland?
For a new home or vacant land, no. For an established home the first home concession ends at $800,000, but the home concession still applies above it.
Can I rent out a room or the house after I buy?
Renting the whole home within the first year reduces the concession in proportion to the days not lived in, and the shortfall becomes payable. Taking in a boarder while you live there is treated differently; QRO publishes the rules.
Do I need to be an Australian citizen?
For contracts entered into from 1 August 2026, yes: all buyers must be Australian citizens, permanent residents or specified foreign retirees to claim a home, first home or first home vacant land concession.
Does the $30,000 grant still apply?
Yes, for eligible new-home contracts signed from 1 July 2026, under its own conditions. It is separate from the duty concession.