The Queensland home concession rate
Queensland's reduced duty scale for people who buy a home to live in, first home or not, and the stricter conditions attached to it since 1 August 2026.
Checked by Radif Partners · Editorial policy · Methodology
Queensland charges transfer duty at a lower home concession rate when you buy a home to live in, even if you have owned many homes before, and unlike Victoria's owner-occupier concession it has no price ceiling. The Queensland Revenue Office's example is a $950,000 residence: $28,600 at the home concession rate against $35,775 at the general scale. Its second example, a $550,000 home, comes to $10,600 instead of $17,775. From $350,000 upward the two scales rise at the same marginal rates, so the saving is a flat $7,175 at every price from there on, whether the home costs $600,000 or $3,000,000. For contracts from 1 August 2026 the buyer must be an Australian citizen, permanent resident or specified foreign retiree, move in within one year of settlement, and not rent out the whole home before moving in or in the following year. Demolishing the house before living in it also forfeits the concession.
Living in it: Victoria and Queensland side by side
Victoria
$24,970
| Victorian rule | Principal place of residence concession |
| Queensland | $10,600 |
| Queensland rule | Home concession rate |
| Investor at this price (VIC / QLD) | $28,070 / $17,775 |
The rate table
The home concession rates are a scale of their own, charged per $100 or part of $100 like the general scale. They are lower at the bottom and identical in slope from $350,000:
| Dutiable value | Home concession rate |
|---|---|
| $0 to $350,000 | $0 plus $1.00 per $100 above $0 |
| $350,000 to $540,000 | $3,500 plus $3.50 per $100 above $350,000 |
| $540,000 to $1,000,000 | $10,150 plus $4.50 per $100 above $540,000 |
| over $1,000,000 | $30,850 plus $5.75 per $100 above $1,000,000 |
The general scale has a nil band to $5,000 and then charges $1.50 and $3.50 per $100, while the home scale charges $1.00 from the first dollar. At $100,000 the home scale gives $1,000 and the general scale $1,925. The gap widens up to $350,000, where the home scale moves to the same $3.50 per $100 as the general scale; from there the two run in parallel, both stepping up to $4.50 at $540,000, and the gap is frozen.
A fixed saving, whatever the price
| Price | Home concession | General scale | Saving |
|---|---|---|---|
| $300,000 | $3,000 | $8,925 | $5,925 |
| $450,000 | $7,000 | $14,175 | $7,175 |
| $550,000 | $10,600 | $17,775 | $7,175 |
| $750,000 | $19,600 | $26,775 | $7,175 |
| $950,000 | $28,600 | $35,775 | $7,175 |
| $1,200,000 | $42,350 | $49,525 | $7,175 |
| $2,000,000 | $88,350 | $95,525 | $7,175 |
The saving column stops moving at $7,175. On a $550,000 home that is 40 % of the general duty; on a $2,000,000 home it is 8 %. For an investor deciding whether to live in a property for a while before renting it, this is the number to put against the occupancy conditions below.
Three Queensland buyers who are not first home buyers
The home concession is the relief left to owner-occupiers who are not first home buyers. Three ordinary cases show its weight at different points of the market.
| Situation | Price | Duty with the concession | Without it |
|---|---|---|---|
| Family upgrading in Logan | $720,000 | $18,250 | $25,425 |
| Couple relocating from Sydney to the Gold Coast | $1,100,000 | $36,600 | $43,775 |
| Retiree downsizing in Hervey Bay | $480,000 | $8,050 | $15,225 |
The couple arriving from New South Wales is a useful reminder that the concession has nothing to do with where you lived before or what you owned there. What counts is that the Queensland home will be their home, that they move in within the year, and that they hold the required status. The retiree, whose price is well under $540,000, saves $7,175, exactly as much as the two others, because every price above $350,000 sits on the fixed maximum.
The office's two examples
The $950,000 example works like this: $10,150 for the first $540,000, plus $4.50 for every $100 of the $410,000 above it, which is $18,450, for a total of $28,600. The $550,000 example on the home concession page gives $10,600, against $17,775 without the concession. Our engine reproduces both.
Conditions for contracts from 1 August 2026
For a contract entered into on or after 1 August 2026, the Queensland Revenue Office lists these conditions:
- Status: Australian citizen, permanent resident or specified foreign retiree.
- Occupation: you move in within one year of settlement, and that year cannot be extended.
- Letting: no renting the whole property before you move in, or during the year after. Part of the home may be let if you live there and the lease began on or after 10 September 2024.
- Demolition: knocking the house down before it has been your home loses the concession.
A buyer who is part citizen, part not, as a couple, keeps the concession on the eligible partner's share only. The Queensland Revenue Office's example of Fiona and Mark is worked through on the additional foreign acquirer duty page.
How it compares with Victoria
Victoria's principal place of residence concession does a similar job with a different design. It cuts duty by a larger share of the bill at low values but stops dead at $550,000. On a $500,000 home an owner-occupier pays $21,970 in Victoria and $8,750 in Queensland; at $800,000 the figures are $43,070 and $21,850. The calculator at the top of this page compares both for any price. The Victorian PPR page has the detail.
First home buyers in Queensland start from this same scale: the established-home first home concession is the home concession duty minus a fixed amount, and new homes and vacant land are fully exempt. Those rules are on the Queensland first home buyer page.