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In this video, we break down the latest policy changes announced by Premier Steven Miles aimed at helping first home buyers in Queensland. With the new cap for stamp duty concessions increased from $500,000 to $700,000, eligible buyers can now save up to $17,350. This is the first significant increase in over 10 years, designed to make homeownership more accessible amidst rising property prices. Learn how these changes will benefit thousands of firsttime home buyers and the impact on the competitive Brisbane market.

The video also explores the broader implications of these changes, including the increased surcharges for foreign investors to offset the cost of these concessions. With insights from real estate experts and examples of how individuals can benefit, this video is a mustwatch for anyone looking to buy their first home in Queensland. Don't forget to like, subscribe, and share your thoughts in the comments!

Here are the details of the URLs mentioned:

1. [Stamp Duty Concessions Announcement](https://statements.qld.gov.au/stateme...) Official announcement of the new stamp duty concessions for first home buyers in Queensland.

2. [Queensland Government Transfer Duty Information](https://www.qld.gov.au/housing/buying...) Details on transfer duty concessions for first home buyers provided by the Queensland Government.

3. [CoreLogic Median Dwelling Values](https://www.corelogic.com.au/) CoreLogic’s insights into the median dwelling values and market trends.

4. [Office of State Revenue Transfer Duty](https://www.treasury.qld.gov.au/progr...) Information about transfer duty from the Queensland Treasury's Office of State Revenue.

5. [Queensland Law Society Contract of Sale](https://www.qls.com.au/Membership/You...) Guidelines and details on contracts of sale from the Queensland Law Society.

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Mortgage Broker Brisbane Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000

Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stressfree and uncomplicated, and we will work for you to make your dreams become reality.

Next steps and settling your first home

Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.

Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.

If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).

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00:00 Stamp duty threshold Increases for First Home Buyers
00:21 Queensland's first home buyer stamp duty discounts
01:30 Examples of new stamp duty discounts
02:20 What if you have already signed a contract of sale in Queensland?
04:10 Can you use the Home Guarantee Scheme with the Stamp duty concession?
05:01 Conclusion