THE state government is cutting costs for Queenslanders by axing Patients’ Tax and abolishing stamp duty on new builds for first home buyers.
Treasurer and Minister for Home Ownership, David Janetzki, said the move would help thousands of young people enter the housing market and ease pressure on the state’s health system.
“Abolishing the Patients Tax will stop families paying more to see the doctor and ease pressure on our stretched hospital system,” Mr Janetzki added.
From May 1, 2025, first home buyers will no longer pay stamp duty on new builds, saving up to $9096 on a median-priced house and land package.
Queensland Treasury estimates the policy could deliver an additional 800 new homes.
REIQ CEO Antonia Mercorella welcomed the changes, and said they would remove financial barriers to home ownership and boost rental supply.