The Crisafulli government has announced major stamp duty reforms, offering much-needed financial relief for those looking to enter the housing market. This initiative aims to increase homeownership rates while boosting new home construction across the state.

What’s Changing for First Home Buyers?

Starting 1 May 2025, first home buyers purchasing new builds across Queensland will no longer have to pay stamp duty. This move is expected to help thousands of first home buyers get onto the property ladder while driving the construction of an estimated 800 additional new homes. Eliminating stamp duty on new builds significantly reduces upfront costs, making homeownership more achievable for first-time buyers.

How Much You Can Save?

According to the Queensland Treasury, eligible FHB could save $9,096 on a median-priced house-and-land package.

For example, in Brisbane, where the median property price is $893,592, first home buyers could save up to $26,062 in stamp duty. This is a significant financial break, especially for those struggling with rising living costs and mortgage repayments.

Stamp duty savings for some buyers under new laws

First-home buyers purchasing new builds will no longer need to pay stamp duty.

Location	Median property price	Estimated stamp duty cost
Brisbane	$893,592	$26,062
Gold Coast	$1,029,897	$32,569
Sunshine Coast	$1,052,123	$33,851
Ipswich	$724,215	$18,443

Property prices as at January, 31 2025, per CoreLogic

Source: Queensland Revenue Office

Additional Benefits for First Home Buyers

Room Rental Allowed

First-time owners can now rent out a room in their new home without losing their concessions. This provides extra income to help with mortgage repayments while also contributing to rental supply. The change, effective from 7 December 2024, could introduce up to 20,000 new rental rooms into the market, easing Queensland’s rental crisis.

Encouraging Downsizing

The reforms may encourage older homeowners to downsize, freeing up larger homes for growing families. By removing financial barriers like stamp duty, more properties will become available for FHB looking for suitable housing options.

Regional Infrastructure Investment

The government has also pledged $1 billion towards housing and infrastructure improvements in regional Queensland. This includes upgrades to bridges, sewer systems, and street lighting, making these areas more appealing for first home buyers.

Other Support Available For FHB in Queensland

In addition to stamp duty exemptions, first home buyers in Queensland can access other government support programs to assist with their property purchase:

First Home Owner Grant (FHOG)

Eligible home buyers can receive a $15,000 grant when purchasing or building a new home valued at $750,000 or less. This grant can be used as part of a home loan deposit, helping buyers enter the market sooner.

Check your eligibility for First Home Owner Grant.

First Home Guarantee (formerly FHLDS)

This scheme allows eligible first home buyers to purchase a home with as little as a 5% deposit, without paying Lenders Mortgage Insurance (LMI). The Australian Government guarantees up to 15% of the loan, reducing upfront costs.

Regional First Home Buyer Guarantee

Specifically designed for first home buyers purchasing in regional Queensland, this scheme provides similar benefits to the First Home Guarantee, encouraging homeownership outside metropolitan areas.

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How Loan Nerds Can Help First Home Buyers Secure a Home Loan

With these government incentives available, first home buyers in Queensland have more opportunities than ever to purchase their first property. However, navigating the home loan process can still be complex. That’s where Loan Nerds comes in!

Our expert mortgage brokers can help first home buyers:

• Find the best home loan tailored to their financial situation
• Maximize savings by taking full advantage of government grants and concessions
• Secure competitive interest rates and loan terms
• Understand loan eligibility and repayment options

What This Means for First Home Buyers

If you’re a first home buyer in Queensland, now is the perfect time to explore your options. With these new stamp duty exemptions, reduced upfront costs, and opportunities to generate rental income, entering the property market has never been more achievable.

At Loan Nerds, we specialize in helping FHB navigate government incentives and find the best mortgage solutions. Whether you’re buying in Brisbane, the Gold Coast, or regional Queensland, our team can guide you through the process and help you maximize your savings.

Want to know how much you can save? Get in touch with our expert mortgage brokers today!

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At Loan Nerds, we’re here to make homeownership simple. Contact us to explore your best home loan options and take advantage of these exciting new reforms.