If you’re building your first home on land valued under $500,000 you may be eligible for the First Home Vacant Land Concession which provides a concession of up to $10,675. This concession from the Queensland Government is calculated at the transfer duty rate minus the amount of the first home vacant land concession applied. If the vacant land on which you’re building your first home is valued at under $350,000, you won’t need to pay stamp duty at all on the purchase of the land.
Visit the Queensland Government website for more information on the First Home Vacant Land Concession.
*The information on this website regarding first home buyer grants and schemes provided by Hallmark Homes is for general information purposes only. It is not financial advice. Consult with qualified financial advisors for personalised guidance.
$500,000
Houses under may be eligible.
$10,675
Concession of up to this amount.
No Stamp Duty
On homes valued under $350,000.
This table provides an overview of the stamp duty payable on the value of vacant land.*
To be eligible for the concession, you must:
Visit the Queensland Government website for more information on the First Home Vacant Land Concession.
*The information on this website regarding first home buyer grants and schemes provided by Hallmark Homes is for general information purposes only. It is not financial advice. Consult with qualified financial advisors for personalised guidance.
As the purchase of your first home is probably the biggest financial commitment you’ll ever make, approaching the process with careful planning right from the start is crucial. This is why it’s so important to build with a trusted home builder like Hallmark Homes and have a strong understanding of the first-home construction process. To get started, download our ‘Building Your Very First Home – An Essential Guide’ which helps you navigate through the process of building your very first home.
Eligible House and Land Packages
Manly 200 - Luma - Harmony | |
Floor Area | 200.67m2 |
Land Area | 512m2 |
Manly 223 - Luma - Harmony | |
Floor Area | 222.97m2 |
Land Area | 3700m2 |
Manly 200 - Luma - Harmony | |
Floor Area | 200.67m2 |
Land Area | 503m2 |
Manly 200 - Luma - Harmony | |
Floor Area | 200.67m2 |
Land Area | 629m2 |
Clovelly 157 - Luma - Harmony | |
Floor Area | 163.51m2 |
Land Area | 294m2 |
Manly 186 - Luma - Harmony | |
Floor Area | 185.81m2 |
Land Area | 390m2 |
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