At SW Brokerage, we’re always keeping an eye out for updates that can help our clients make smarter property decisions—and there’s some great news for first-home buyers in Queensland.
Starting May 1, 2025, the Queensland Government is removing stamp duty on new builds for first-home buyers. This change means thousands of dollars in potential savings for anyone entering the property market for the first time.
What’s Changing?
From May 1 onward, if you’re a first home buyer purchasing a newly built property, you won’t have to pay any stamp duty at all. The government has introduced a full concession, reducing the duty to zero.
This update only applies to new builds, so if you’re planning to buy an existing home, the rules are a little different. However, there are also changes for those too: the threshold for stamp duty on existing homes has been increased, and now only applies to properties valued over $700,000.
Who’s Eligible?
To benefit from the new stamp duty exemption, you must:
Be a first home buyer
Enter into a contract to buy or build a new home on or after May 1, 2025
This is a huge win for buyers looking to break into the property market and build a brand-new home in Queensland.
What Does This Mean for You?
If you’re a first home buyer in Queensland, this is your chance to stretch your budget further. With stamp duty costs completely removed, you could redirect that money towards your deposit, furnishing your new home, or simply easing the financial pressure that comes with buying property.
Maximise Your Savings with Bold Living’s Cashback Promotion
To make this opportunity even more rewarding, Bold Living is offering an exclusive cashback promotion for new home buyers. Depending on the size of your chosen home, you can receive:
Homes up to 180m²: $10,000 or a 10kW ducted air-conditioning system
Homes over 180m²: $10,000 plus a 10kW ducted air-conditioning system, or a $20,000 Evolve Gift Card to spend on upgrade inclusions
Additionally, when you choose SW Brokerage as your preferred broker, you’ll receive an extra $1,000 and a furniture gift card*
This promotion, combined with the stamp duty exemption, means you could save tens of thousands of dollars on your new home—allowing you to invest in upgrades, furnishings, or simply reduce your overall financial commitment.
Need Help Navigating Your First Purchase?
SW Brokerage is here to guide you through the entire home-buying process. From finding the right loan to understanding how these new changes affect you—we’ve got your back. Reach out today for expert advice and personalised support.