Tag Conveyancing

QLD Stamp Duty Changes: Big Savings for First Home Buyers from May 2025

Are you a first home buyer in Queensland? You could be eligible for thousands in stamp duty exemptions under both existing and new rules, including the ability to rent out part of your home without losing your concession.
Let’s break it down.

Read more: QLD Stamp Duty Changes: Big Savings for First Home Buyers from May 2025

What is Stamp Duty?

Stamp duty (also known as transfer duty) is a government tax you pay when purchasing property in Queensland. It is calculated based on the value of the property and can significantly increase your upfront costs—especially for first home buyers.

What Concessions Are Available?
🏠 1. First Home Concession (for existing homes)

  • Applies to established (non-new) homes
  • Full exemption if purchase price is $700,000 or less
  • Partial exemption if priced between $700,001 and $800,000
  • No exemption if over $800,000

🏗️ 2. First Home (New Home) & Vacant Land Concession (For contracts signed from 1 May 2025)

Applies to:

  • Newly built homes
  • Substantially renovated homes
  • Vacant residential land (if you intend to build and live there)

Key features:

  • Full exemption, no price cap
  • You must pay market value (no gifts or discounts)
  • Vacant land buyers must build and move in within 2 years and stay for at least 1 year

🛏️ 3. Rent-a-Room Concession (Effective 6 December 2024)

First home buyers who claim a transfer duty concession can now rent out part of their home (like a bedroom) without losing the concession, if:

  • You move in before leasing part of the property
  • You remain living in the home during the lease
  • The rental agreement starts on or after 10 September 2024
  • You do not rent the entire property or rent before moving in

This gives homeowners greater flexibility to offset mortgage costs while maintaining stamp duty relief.

Who Is Eligible?

To qualify for any of these concessions, you must:

  • Be at least 18 years old
  • Have never owned residential property in Australia or overseas
  • Buy as an individual (not as a company or trust)
  • Move into the property within 12 months and live there continuously for at least 1 year

How to Apply

If you’re eligible, you can apply by submitting:

  • Form D2.1
  • Supporting documents
  • Title transfer documents

It’s best to ask your solicitor or conveyancer to help complete and lodge your documents correctly.

Need assistance your property purchase?

Our team at W & G Lawyers is ready to guide you with expert legal support.

Contact us atinfo@wglawyers.com.au or 📞 0433 071 350.

Useful Resources

Queensland Revenue Office: Lodging and paying transfer duty: https://qro.qld.gov.au/duties/transfer-duty/lodging-paying/

Queensland Revenue Office: First Home Concession: https://qro.qld.gov.au/duties/transfer-duty/concessions/homes/first-home/

Queensland Government: Transfer duty (stamp duty) concessions and exemptions: https://www.qld.gov.au/housing/buying-owning-home/home-buyers-financial-help/transfer-duty

Disclaimer

The content of this article is provided for general information purposes only and does not constitute legal advice. While every effort is made to ensure the accuracy of the information, it should not be relied upon as a substitute for legal advice tailored to your circumstances. We recommend that you seek independent legal advice before acting on any information contained herein.

Avoid Costly Surprises: The Truth About Building and Pest Inspections

If you’re buying a property in Queensland, it is important to include a building and pest inspection condition in your contract.. This clause can offer critical peace of mind and financial protection — whether you’re buying your first home or expanding your property portfolio.

Read more: Avoid Costly Surprises: The Truth About Building and Pest Inspections

What Does “Subject to Building and Pest Inspection” Mean?

In many Queensland property contracts, it is common to make your offer subject to building and pest inspection. This means the contract will only become unconditional if the property passes a professional inspection.

As a result, if serious issues are found, you have several options to protect yourself. For example, you can ask the seller to fix the problem, or you may decide not to go ahead with the purchase at all.

What Does the Inspection Cover?

A building and pest inspection is a report prepared by a qualified professional, identifying any:

  • Structural defects (e.g., roof damage, major cracks)
  • Pest activity (e.g., termite infestation)
  • Drainage or moisture problems

Typically, this inspection costs between $400 and $800, depending on the size and location of the property.
Importantly, the inspector provides a detailed report to help you make a better decision.

Is It Really Necessary?

Yes — absolutely.
Even if the property looks well-maintained or is newly built, hidden issues can lead to thousands of dollars in repairs. By arranging an inspection, you can avoid unexpected expenses and make an informed decision.

If significant defects or pest issues are discovered and the appropriate condition is in your contract, you may have the option to:

  1. Terminate the contract
  2. Request repairs prior to settlement
  3. Renegotiate the purchase price

Why Legal Help Matters

Before signing, your solicitor or conveyancer should check that the inspection clause is clearly included. Even if the home appears in perfect condition, there may be problems you cannot see.
Thus, a building and pest inspection is not just a legal safeguard; it’s a practical one that allows you to move forward with confidence, knowing your new home is structurally sound and pest-free.

Need Assistance?

Do you have questions or need legal help with your property purchase? Contact W & G Lawyers. We guide buyers through every step and make sure your rights are protected.

📧 Email: info@wglawyers.com.au
📞 Phone: 0433-071-350
🌐 Website: W & G Lawyers

External Links and References

We recommend the following reputable resources for further reading:

Disclaimer

This article provides general information only and does not offer legal advice. For tailored advice specific to your circumstances, please contact W & G Lawyers.