Say Goodbye to Stamp Duty with the New Transfer Duty Concession!
At Hudson Homes, we know how exciting (and sometimes overwhelming) the journey to homeownership can be. That’s why we’re thrilled to share some fantastic news for first home buyers: starting 1 May 2025, you can apply for a full transfer duty concession when purchasing a new home or vacant land to build on. This means nil stamp duty, saving you up to $24,525!
How Does the Concession Work?
The full concession applies to first home buyers purchasing a new or substantially renovated home (never lived in or sold as a residence) or land to build a home. The home must be valued under $800,000, though there may still be savings for properties above this amount.
Who Can Claim It?
First home buyers in Queensland can apply for this concession, whether you’re an Australian citizen, permanent resident, or not. However, foreign buyers may face additional duties.
Why This Matters
This new initiative makes it easier for first home buyers to reduce their upfront costs and get into their first home sooner. At Hudson Homes, we’re here to help you take full advantage of this concession with affordable home & land packages.
Want to know more about how this concession can help you? Reach out today and let’s turn your first home dream into a reality!
