The $30,000 grant — triple the size of other states
Queensland's First Home Owner Grant is $30,000 for buying or building a new home valued under $750,000 (home and land combined). The amount was tripled from $15,000 for contracts signed from 20 November 2023 and was due to fall back in mid-2026, but it has been continued — the Queensland Revenue Office currently lists no end date. NSW and Victoria pay $10,000 for comparison.
| Purchase type | Value cap | Grant |
|---|---|---|
| New home / off the plan | Under $750,000 | $30,000 |
| Land + building contract (or owner-builder) | Under $750,000 combined | $30,000 |
| Established home | — | Nil |
Stacked on top: zero duty on new builds, no cap
Since 1 May 2025, Queensland first home buyers pay no transfer duty on new homes or on land they'll build their first home on — at any price. There is no value cap on the duty side, only on the grant. Established homes still get relief too: full exemption to $700,000 and a partial concession to $800,000. The details live on our QLD stamp duty calculator.
Eligibility in brief
Each applicant must be 18 or over and an individual, at least one must be an Australian citizen or permanent resident, and you (and your spouse) must never have owned residential property in Australia. You must move in within a year of settlement or completion and live there six continuous months. Since late 2023 Queensland lets you rent out spare rooms during that first year without losing the grant — a flexibility most states don't offer.
Worked example
A first home buyer signs a building contract: $320,000 land plus $370,000 build, $690,000 all up. Under $750,000, so the grant pays $30,000. Transfer duty on the land: zero. An investor buying the same completed house would pay about $24,075 in duty and receive nothing. The established-home route at the same price also collects $0 grant but pays no duty either, thanks to the $700,000 first home concession.