Queensland raises stamp duty threshold for first-home buyers to $700,000, offering partial concessions up to $800,000.

Queensland raises stamp duty threshold for first-home buyers to $700,000, with partial concessions available for properties valued up to $800,000. This change aims to make homeownership more accessible for those facing affordability challenges. The threshold increase applies to both homes and vacant land purchases. The government plans to offset the revenue loss from these concessions by increasing stamp duty and land tax rates for foreign investors.