Accurate as at 15 July 2026. Government incentives change — always confirm current rules with the Queensland Revenue Office before signing.
Queensland remains one of the most generous states in Australia for first home buyers in FY2026-27. Here is exactly what is on the table right now, and one deadline that matters if you are on a temporary visa.
1. The $30,000 First Home Owner Grant continues
The boosted $30,000 FHOG (doubled from $15,000 in November 2023) was extended again in the June 2026 State Budget and continues for eligible contracts signed from 1 July 2026 (the extension was pending Royal Assent at the time of writing, with QRO administering it in the meantime). The essentials:
- New homes only — buying or building a home that has never been occupied or sold as a residence, including off-the-plan.
- Total value under $750,000 (home plus land).
- You must be 18+, an Australian citizen or permanent resident (or buying with one), and never have owned residential property in Australia that you lived in.
- You must move in within a year of settlement and live there for at least six continuous months.
2. Zero transfer duty on new homes — no price cap
Since 1 May 2025, eligible first home buyers pay no transfer duty on new or substantially renovated homes and off-the-plan purchases, at any price. On a $700,000 new townhouse that is roughly $17,000 kept in your pocket; on a $1 million new build, over $30,000. Vacant land bought to build your first home is also duty-free (contracts from 1 May 2025).
3. Established homes: duty-free up to $700,000
Buying an existing home? First home buyers pay zero duty up to $700,000, with the concession phasing out to nothing at $800,000. Above that, the ordinary home concession still helps. Run your exact numbers in our stamp duty calculator — it handles every threshold and phase-out automatically.
⚠ Deadline: 1 August 2026 eligibility change
From 1 August 2026, QLD's home and first-home duty concessions will be limited to Australian citizens, permanent residents and specified foreign retirees (2026-27 Budget measure, pending Royal Assent). Until 31 July 2026, the duty concessions have no citizenship requirement. If you hold a temporary visa and were counting on a duty concession, the date you sign your contract matters — get advice now.
Stacking it all together
A first home buyer purchasing a $720,000 brand-new home in July 2026 could receive: $0 transfer duty (saving ~$18,000) + the $30,000 grant — a combined benefit approaching $48,000. The same buyer purchasing a $720,000 established house would pay roughly $3,500 in duty (partial concession) and receive no grant.
Context: rates and prices
The RBA cash rate sits at 4.35% after three hikes in the first half of 2026, and Cotality's June 2026 data puts Brisbane's median dwelling value around $1.12 million after 17% annual growth. Higher rates make it more important than ever to stress-test repayments — our finance calculator and cash flow calculator are free and take about two minutes.
Next steps
- Check your duty position with the stamp duty calculator.
- Confirm FHOG eligibility on the QRO website.
- Browse new and off-the-plan projects that fit under the $750,000 grant cap — or talk to the PVI team about what's coming to market.
General information only — not financial, legal or tax advice. Grant and concession eligibility depends on your personal circumstances.