11/06/2024
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Stamp duty for first home buyers will soon be cheaper in Queensland 🎉
The policy, announced Sunday, will see first home buyers receive concessions on transfer duties for properties valued up to $700,000, up from the previous $500,000.
The threshold for concessions will also rise, on vacant land valued up to $350,000, from $250,000.
The Queensland government has added lower transfer costs for some first home buyers to its list of budget sweeteners as competition heats up for votes in October’s election.
The government said the change would save some eligible home buyers as much as $17,000 dollars, with the figure varying according to the value of the home or land.
Exact timing is yet to be confirmed, stay tuned for more updates.
If you would like to buy your first home, contact us today for tailored home loan advice that’s right for you & your circumstances:
📞 0449 875 811
📨 [email protected]
🌎 www.walkerfinancial.com.au