First Home Buyers Grant

First-Home Buyers Grant Queensland

On 1 September 2008, Queensland first home buyers buying a home valued up to $500,000 do not have to pay stamp duty. The state based concession is only applicable to contracts signed on or after 1 September, 2008.

Example

If you are a first home buyer buying a home valued at $500,000 after 1 September 2008, you save $8,750 that you previously would have had to pay for transfer duty.

first home buyer's grant and concessions - applications

Your local mortgage broker can help you claim your transfer stamp duty concession, help with your first home buyers grant application and find out which home loan options are right for you. Simply email us the form on this page or call at any time on 13 XINC or direct on +61 2 9249 3739 and we will contact you within 2 business hours.

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Mortgage Duty Abolished in Queensland

To encourage first home buyers in Queensland to escape the rental trap and get into the property market sooner, mortgage duty was abolished in Queensland on 1 July 2008.

These changes to transfer stamp duty and mortgage duty are even more reasons why now is a great time to buy your first home. To take advantage of these new opportunities, talk to your local mortgage broker.

Queensland Office of State Revenue

The Queensland Office of State Revenue fully funds and administers the first home buyers grant and duty concessions in Queensland, you can contact the QLD OSR on (07) 3227 8733.

specific first home buyers Information

For more information specific to first home buyers, visit these pages:

• Fees, Charges and Loans information
• How much can I borrow?
• Deposit - what is the minimum I need to buy a house?
• Legal processes, inspections and checks
• Finance & Home Loans Tips
• Honeymoon rates - are they good value?

First Home Buyers | ACT | New South Wales | Victoria | Queensland | Western Australia | Northern Territory | Tasmania | South Australia