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February 25, 2025
Huge Win for First-Time Buyers in Queensland – No Stamp Duty on Any New Property!
If you’re a first-time homebuyer in Queensland, this is an incredible opportunity for you! As of May 1st, 2025, stamp duty will be completely abolished on all new properties or land at any price point.
That means whether you’re purchasing a house and land package, a newly built home, or land to build on, you won’t pay a single dollar in stamp duty, no matter the purchase price.
For many first-time buyers who have delayed purchasing and are now earning high incomes, this opens the door to massive savings—potentially in the hundreds of thousands of dollars.
How Much Can You Save?
Here’s a breakdown of the potential savings across key regions in Queensland:
- Brisbane: Median price of approximately $900,000 → You save $26,000
- Gold Coast: Median price over $1 million → You save $32,000+
- Sunshine Coast: Median price around $1 million → You save $33,000+
- Ipswich and Logan: Even at lower price points, savings are close to $20,000
Why This Is a Game-Changer
This initiative is especially significant for high-income earners who were previously hesitant to enter the property market. With no price cap, first-time buyers can purchase premium properties without paying any stamp duty.
For example, if you’re considering buying a $1 million property in a premium suburb, you would save $38,025 in stamp duty. This makes it an exceptional opportunity for those looking to maximize their investment.
Additional Benefits for First-Time Buyers
The benefits don’t stop at zero stamp duty:
- No Price Cap: Regardless of the property’s value, first-time buyers will pay no stamp duty. This is particularly advantageous for high-income earners purchasing in premium suburbs.
- Tax-Free Rental Income: If you live in the property, you can legally rent out spare bedrooms for extra income, helping to cover your mortgage while maintaining first-home buyer benefits.
Why Now Is the Perfect Time to Buy
This policy is set to make homeownership more accessible than ever. Queensland has introduced an unprecedented level of support for first-time buyers, with areas like Logan and Ipswich expected to benefit the most.
If you’ve been waiting for the right moment to buy your first home, now is the time to act. This is a rare opportunity that could save you thousands and make your dream of homeownership a reality.
Ready to Secure Your First Home?
At Ash Buyers Agency, we specialize in helping first-time buyers navigate the property market. Our team of experts can guide you through the buying process, ensuring you make the most of this incredible opportunity.
Contact us today at +61 434 111 200 – the Best Buyer Agent in Sydney – to get started on your journey to homeownership.
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