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Can I afford this home? Repayments and QLD stamp duty
Pick what kind of buyer you are, set the price and deposit, and see your weekly repayment, upfront costs and Queensland transfer duty instantly. If this is your first home, the news is good: on a new home there is no stamp duty at all, with no price cap, for contracts from 1 May 2025.
First home (new home) concession: never owned property anywhere, the home has never been occupied or sold as a residence, and you move in within 1 year. Every Pearson Bros home is a new, never-lived-in home.
Your numbers
Indicative estimate
Indicative only. A deposit under 20% usually adds lenders mortgage insurance unless a government guarantee applies. Duty figures use current QRO rates and assume you meet the concession conditions; confirm with the Queensland Revenue Office and a licensed broker or lender.
Why first home buyers pay $0 duty on a new home
For contracts dated 1 May 2025 or later, Queensland's first home (new home) concession reduces transfer duty to nil, with no price cap. The home must never have been occupied or sold as a place of residence. A completed Pearson Bros home has never been lived in, so it qualifies as a new home. You need to move in within 1 year of settlement and live there; you cannot sell or lease the whole property in that first year.
On a $900,000 home that is a saving of roughly $33,500 compared with what an investor pays. Combined with the First Home Guarantee, where an eligible buyer purchases with a 5% deposit and no LMI under the $1,000,000 Greater Brisbane price cap, the upfront cost of a new home has never been lower for a first buyer.
Owned before? The home concession still helps
If you will live in the home but have owned property before, the home concession charges duty at 1% on the first $350,000, with general rates on the balance. On a $900,000 home that saves about $7,175 against the investor rate. You must move in within 1 year and live there on a daily basis.
Buying as an investment
Investors pay Queensland's general transfer duty rates on the full price, and the calculator adds an indicative rent line so you can see weekly cashflow at a chosen gross yield. A completed home settles like any established house under a single contract of sale, and it is rent-ready from day one: no construction period, no progress payments, and tenants can move in as soon as it settles.
See what your budget buys
Pearson Bros builds completed, turnkey homes across South-East Queensland's growth corridors. Every home is brand new and never lived in, sold under a single contract of sale.
View available propertiesFrequently asked questions
Do first home buyers pay stamp duty on a new home in Queensland?
No. For contracts dated 1 May 2025 or later, eligible first home buyers pay zero transfer duty on a new home, with no price cap. A new home is one that has never been occupied or sold as a place of residence, which is exactly what a completed, never-lived-in Pearson Bros home is. You must move in within 1 year of settlement and not sell or lease the whole property in that first year. Confirm your eligibility with the Queensland Revenue Office.
How much deposit do I need?
A 20% deposit avoids lenders mortgage insurance. Many buyers purchase with less: under the First Home Guarantee an eligible first home buyer can buy with as little as 5% deposit and no LMI, and the Greater Brisbane price cap is $1,000,000. Lender criteria apply; speak to a broker or lender about your position.
How is duty calculated if I have owned before?
If you will live in the home, the home concession applies duty at 1% on the first $350,000 and general rates on the balance. Investors pay general rates on the whole price. The calculator switches between all three buyer types so you can compare.
Is this calculator financial advice?
No. It provides general information and indicative estimates only and does not take your personal circumstances into account. Pearson Bros Homes is a builder and vendor, not a licensed financial adviser or credit provider. Confirm duty with the Queensland Revenue Office and borrowing capacity with a licensed broker or lender before acting.
Keep reading
General information only — not financial, credit, tax or legal advice. This calculator provides general information and illustrative estimates only. It does not take into account your objectives, financial situation or needs. Repayment figures are simple principal-and-interest amortisation at the rate and term you enter; your lender's actual repayments, fees and lenders mortgage insurance will differ. Transfer duty estimates use Queensland Revenue Office rates current at publication and assume you satisfy all concession conditions (including the first home, new home and occupancy requirements); eligibility rules include citizenship or residency requirements from 1 August 2026. Government schemes such as the First Home Guarantee have their own eligibility criteria and place caps and can change.
Pearson Bros Homes is a property builder and vendor, not a licensed financial adviser, credit provider or tax agent, and does not provide personal advice. Before acting, confirm duty and concession eligibility with the Queensland Revenue Office, and your borrowing position with a licensed mortgage broker or lender.