First Home Vacant Land Concession

First Home Vacant Land Concession

If you’re buying vacant land to build your first home in Queensland, you may be eligible for the First Home Vacant Land Concession, which can reduce the transfer duty (stamp duty) payable on the land.

From 1 May 2025, eligible first home buyers purchasing vacant land to build their first home may be eligible for a full transfer duty concession — reducing the amount payable to nil — with no value cap on the land. This is a significant improvement on the previous thresholds.
For contracts signed before 1 May 2025, the previous concession structure applied: a concession of up to $10,675 on land valued under $500,000, with a full exemption on land valued under $350,000.*

For full details, visit the Queensland Revenue Office website.