How First Home Buyers Can Avoid Paying Stamp Duty in Queensland

What Is the First Home (New Home) Concession?

First home buyers in Queensland have a major advantage in 2025. If you're buying a brand-new home or a substantially renovated property, you may qualify for a full transfer duty concession. This means you won’t pay any stamp duty at all.

There’s no cap on the property price. Whether your new home costs $950,000 or $2.5 million, you can access the concession if you meet the criteria.

Who Is Eligible?

You must meet all of the following to claim the concession:

• Be at least 18 years old
• Be a first home buyer
• Have never owned property in Australia or overseas
• Be buying as an individual
• Sign the contract on or after 1 May 2025

The home must be new or substantially renovated

You must move in within 12 months of settlement

The property must not include non-residential land

If you meet the requirements, you can claim the concession upfront or apply for a reassessment later.

Why This Concession Matters for First Home Buyers

Stamp duty is one of the biggest upfront costs in buying a home. For a $1 million home in Queensland, it could be over $38,000. That’s a massive hurdle for many buyers.

With this concession, eligible buyers can use those savings toward:

• Moving costs
• Furniture and appliances
• Boosting their deposit
• Emergency funds or mortgage offsets

It also creates new opportunities to buy in premium locations that may have felt out of reach.

Where Can You Buy a New Home with No Stamp Duty?

All current Coposit listings in Brisbane, Noosa, and the Gold Coast qualify for the first home (new home) concession. Here are some of the standout projects:

Brisbane

The Abbotsford – Bowen Hills

• From $909,000
• Olympic precinct location
• 2–3 bedrooms

Secure with $10K and $1,156 x 70 weeks

Noosa

JURA – Noosaville

• From $980,000
• Boutique apartment living
• 2–3 bedrooms

Secure with $20K and $2,167 x 36 weeks

Gold Coast

Villaea Palm Beach – From $1M

• Modern design, walk to the beach

Secure with $10K and $3,104 x 29 weeks

Harbour Shores – Palm House – From $990K

• Waterfront views

Secure with $10K and $1,272 x 70 weeks

Florian – Surfers Paradise – From $1.29M

• Riverfront luxury

Secure with $10K and $23,800 x 5 weeks

LUMA North Kirra – $2.91M

• High-end beachfront living

Secure with $10K and $9,679 x 14 weeks

There are also premium properties available in Biggera Waters, Bilinga, and Palm Beach. All of these qualify as new homes, making them fully eligible for the concession.

How Coposit Makes It Even Easier

With Coposit, you don’t need the full deposit upfront. Instead, you:

• Secure your home with as little as $10,000
• Pay the rest of your deposit in weekly instalments
• Avoid interest, debt, or loans
• Lock in your property while you save

It’s a flexible and stress-free way to buy off the plan, especially when used alongside the stamp duty concession. You save on both deposit stress and government fees, giving you a clear path to home ownership.

Buy Off the Plan and Save on Stamp Duty in Brisbane, Noosa, or the Gold Coast

If you're a first home buyer, there’s never been a better time to act. Combine the First Home (New Home) Concession with Coposit's unique deposit solution and secure your ideal home in South East Queensland.

Explore our current listings and start your journey today.