Secure a New Home with $10K and No Stamp Duty: Here’s How

Buying Property Doesn’t Have to Be Hard

Getting into the property market can feel overwhelming. Between saving a large deposit and covering unexpected costs like stamp duty, many first home buyers feel locked out.

But that’s changing. In Queensland, you can now buy a brand-new home and pay no stamp duty—and with Coposit, you can also buy it with just $10,000 upfront.

This is a game-changer for buyers looking to purchase off the plan in Brisbane, the Gold Coast, or Noosa.

The Abbotsford | Off the plan Bisbane | No Stamp Duty in QLD | Secure with $10k and $1,156 x 70 weeks

What Is the First Home (New Home) Concession?

The First Home (New Home) Concession is a Queensland Government initiative for first-time buyers. It means you don’t pay any transfer (stamp) duty on a new or substantially renovated home.

Here’s what makes it so powerful:

• No value cap on the property
• No stamp duty if you meet the eligibility criteria
• Applies to contracts dated on or after 1 May 2025__

To qualify, you must:

• Be a first home buyer
• Be at least 18 years old
• Never have owned property in Australia or overseas
• Buy as an individual
• Move into the property within 12 months of settlement
• Purchase a new or substantially renovated home
• Buy property used only for residential purposes

The Abbotsford | Off the plan Bisbane | No Stamp Duty in QLD | Secure with $10k and $2,285 x 70 weeks

What Is Coposit and How Does It Work?

Coposit is a deposit payment solution designed to help buyers secure new properties with less upfront cost. Instead of saving a full 10–20% deposit, you:

• Start with a $10,000 initial payment
• Pay the balance in weekly instalments during construction
• No interest, no credit checks, and no loans

This gives you time to save and plan while locking in today’s property price.

Example: Let’s say you’re buying an off-the-plan apartment for $800,000.

With Coposit:

• Pay $10,000 upfront
• Pay the rest of the deposit (e.g. $70,000) in weekly instalments
• No stamp duty under the First Home (New Home) Concession
• Move in after completion, with all the big costs already handled

Projects Where You Can Use Coposit and Pay No Stamp Duty

All Coposit-listed projects in Queensland are eligible for the First Home (New Home) Concession. That includes developments in:

Brisbane The Abbotsford – Bowen Hills

• From $909,000
• Olympic precinct location
• Secure with $10K and $1,156 x 70 weeks

Noosa JURA – Noosaville

• From $980,000
• Boutique coastal living
• Secure with $20K and $2,167 x 36 weeks

Gold Coast Villaea Palm Beach – From $1M

• Beachside modern living
• Secure with $10K and $3,104 x 29 weeks

Harbour Shores – Palm House – From $990K

• Secure with $10K and $1,272 x 70 weeks
• Each of these homes is brand new, which means no stamp duty applies for eligible first home buyers.

The Benefits of Combining Coposit with the Duty Concession

Together, Coposit and the First Home (New Home) Concession offer serious savings:

• Lower upfront costs
• No stamp duty
• No interest while you pay your deposit
• Access to premium locations without needing a loan straight away

This combination helps you enter the market earlier and with more confidence.

Buy Smarter in Queensland with Coposit

If you’re a first home buyer ready to purchase a new home, there’s never been a better time. You can:

• Buy off the plan
• Pay no stamp duty
• Get started with as little as $10K upfront
• Choose from homes in Brisbane, Gold Coast, and Noosa