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AAP
AAP
Politics
Fraser Barton

Stamp duty threshold increased for first home buyers

Steven Miles Queensland Cameron Dick Darren England Brisbane LNP
Steven Miles has announced a the stamp duty discount for first-time home buyers in Queensland. (Darren England/AAP PHOTOS)

First-home buyers in Queensland will be better off under a budget commitment to increase the threshold for the first homeowner concession on stamp duty.

The Queensland government will increase the concession on transfer duty from $500,000 to $700,000 in Tuesday's budget with the concession then phasing out up to values of $800,000.

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