First Home Vacant Land Concession

$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:

Only build one home on the block of land
Have never held an interest in property in Australia or overseas
Be a legal individual (not a company or trust) aged 18 years or older
Have never claimed the first home vacant land concession on a project before
Pay market value for the vacant land if it’s valued between $320,001 and $399,999
Ensure that there’s no building (or part of a building) on the land when you purchase it
Build your first home on the land and live there on a daily basis within 2 years of the settlement date
Not sell, transfer, lease or grant exclusive possession of the property (or any part of the property) before moving in

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.

Building your first home with Hallmark Homes

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.