The Queensland Government says nearly 3,000 first home buyers have collectively saved $56 million in upfront costs after stamp duty was scrapped on new homes. In the 12 months since the policy was introduced, 2,985 Queenslanders have entered the property market without paying stamp duty, helping accelerate access to home ownership.
The Queensland Government says nearly 3,000 first home buyers have collectively saved $56 million in upfront costs after stamp duty was scrapped on new homes.
In the 12 months since the policy was introduced, 2,985 Queenslanders have entered the property market without paying stamp duty, helping accelerate access to home ownership.
The measure, designed to ease cost-of-living pressures, forms part of the government's broader push to improve home ownership rates, which it says have fallen to the lowest level nationally following a decade of decline.
Based on median property values, first home buyers have saved an average of about $26,000, with savings reaching up to $29,000 in Brisbane's eastern suburbs.
The strongest activity has been recorded in Logan-Beaudesert, Ipswich and Moreton Bay North, identified as key hotspots for new buyers.
The policy is a central component of the government's housing strategy, which also focuses on unlocking land supply, increasing construction activity and easing rental pressures. Officials say housing lot approvals declined significantly over the previous decade, contributing to current supply challenges.
Recent data points to renewed momentum in the sector, with dwelling approvals rising 18 per cent in the year to February. At the same time, residential construction work in the pipeline reached a record $22.1 billion in the December 2025 quarter.
Treasurer and Minister for Home Ownership David Janetzki said the removal of stamp duty had been a critical step in making housing more accessible.
"Scrapping stamp duty for first home buyers is helping more Queenslanders get into the market sooner," he said.
"This is a practical measure that reduces upfront costs and supports home ownership, while broader reforms are driving increased supply and investment across the state."
Between April 2025 and March 2026, most first home buyer transactions benefiting from the policy were linked to land purchases (1,988), while 659 were for newly built homes.
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