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Save up to $7,175 Not just for first home buyers
Queensland Home Concession
Queensland reduces transfer duty when you buy a home you will live in — whether or not you have owned a home before. The mechanic is unusual: the home concession rate applies to the first $350,000 of the value and the general rates apply to the balance, which caps the saving at $7,175.
How the concession works
home concession rate × first $350,000 + general rates × the balance
That is the Queensland Revenue Office’s own description, in its words: "The home concession rate applies to the first $350,000 of the consideration or value of the residence, and the general transfer duty rates then apply to the balance." Because the concession only reaches the bottom of the scale, the saving is a fixed amount once the price is above $350,000 — QRO publishes it as up to $7,175.
We deliberately do not print the concession rate on this page. QRO states the mechanic, the $350,000 split and the maximum saving, but the concession rate table itself is published in QRO’s estimator rather than on the pages we could read — and we would rather send you to the rate than invent one. The table below is therefore the conservative version: the most you can save.
General duty, and the most the concession can take off it
| Purchase price | General transfer duty | With the home concession |
|---|---|---|
| $400,000 | $12,425.00 | $5,250.00 or less* |
| $500,000 | $15,925.00 | $8,750.00 or less* |
| $600,000 | $20,025.00 | $12,850.00 or less* |
| $700,000 | $24,525.00 | $17,350.00 or less* |
| $800,000 | $29,025.00 | $21,850.00 or less* |
| $1,000,000 | $38,025.00 | $30,850.00 or less* |
* The general duty column is the published general rate on a residence, computed from the QRO rate table this site uses for its Queensland stamp duty calculator. The third column subtracts QRO’s stated maximum saving of $7,175 — the real figure is that or lower, and below $350,000 the concession applies to the whole purchase and the saving is smaller again. QRO’s own estimator gives the exact number.
Who can claim it
- You must be legally acquiring the property as an individual — companies are not eligible except as a corporate trustee, and trustees qualify only where all the transferees are trustees of a trust (other than a discretionary or unit trust) whose beneficiaries are individuals under a legal disability.
- For transactions entered into on or after 1 August 2026, you must be an Australian citizen, permanent resident or specified foreign retiree. That requirement does not apply to earlier transactions.
- You must move into the home with your personal belongings and live there on a daily basis within 1 year of settlement. QRO states this time cannot be extended.
- You must meet the requirements after you claim the concession — it is a commitment about how you use the property, not a one-off test at settlement.
- No extra concessions for seniors card or pensioner concession card holders.
Investment purchases do not qualify. If you buy intending to rent it out from day one, the home concession does not apply — and a reassessment later is expensive.
The three things people mix up
| Home concession | First home concession | First home owner grant | |
|---|---|---|---|
| What it does | Reduces transfer duty | Reduces transfer duty further | Pays you money |
| Do you have to be a first home buyer? | No | Yes | Yes |
| New home only? | No — you just have to live in it | Depends on the concession claimed | Yes, for a new home |
QRO publishes the differences between the first home concessions and the grant in its own table; the Queensland grant page on this site covers the payment side.
Frequently asked questions
What is the Queensland home concession?
A reduction in transfer (stamp) duty when you buy a home you will live in. The Queensland Revenue Office describes the mechanic precisely: the home concession rate applies to the first $350,000 of the residence’s value, and the general transfer duty rates apply to the balance. QRO states the saving is up to $7,175.
Do I have to be a first home buyer?
No — and this is what separates it from the first home concessions. QRO says plainly that unlike the first home concession or the first home (new home) concession, you can claim the home concession even when you have owned a home before. It is about the home you are buying being the one you live in, not about your history.
Am I eligible?
You must be legally acquiring the property as an individual, and — for transactions entered into on or after 1 August 2026 — be an Australian citizen, permanent resident or specified foreign retiree. You must move into the home with your belongings and live there on a daily basis within 1 year of settlement, and QRO notes that this time cannot be extended. Companies are not eligible except when acting as a corporate trustee, and trustees qualify only in limited circumstances.
How much duty will I actually pay?
That depends on the consideration or value, because the concession only rewrites the bottom $350,000 of the scale and the general rates take over above it. The table on this page shows the general duty for a range of prices and the most the concession can reduce it by — $7,175. For the exact figure QRO publishes an estimator, linked below, which applies the concession rate itself.
Is this the same as the $30,000 first home owner grant?
No. The grant is money paid to you for a new home; the home concession reduces the duty you pay on the purchase. They are separate, and the first home concessions (which are different again from this one) can be worth more than the grant on some purchases.
Does the home concession apply to vacant land?
Queensland has separate concessions for first home vacant land and first home (new home) purchases. The home concession described here is for acquiring a residence you will occupy — check the QRO page for the concession that matches what you are buying.
What about foreign buyers?
An additional foreign acquirer duty may apply if you are a foreign person. It is charged on top of the transfer duty and is separate from the concessions on this page.
Are there extra concessions for seniors or pensioners?
Not in Queensland. The QRO states there are no additional concessions or exemptions for seniors card or pensioner concession card holders.
Related
- Queensland stamp duty calculator — the general rate on any price, with the bands
- First home buyer duty in every state — how Queensland compares
- First home owner grant QLD — the $30,000 payment for a new home
- Queensland land tax calculator — the annual tax once you own it
Mechanic, maximum saving and eligibility from Queensland Revenue Office — Home concession and Concessions for homes, checked 16 October 2026. General information only — not tax advice.