Queensland Supports Room Rentals for First Home Buyers with Stamp Duty Relief

Queensland Supports Room Rentals for First Home Buyers with Stamp Duty Relief

Queensland’s real estate industry is celebrating a groundbreaking policy change that allows first home buyers to rent out spare rooms while still benefiting from stamp duty concessions.

The Crisafulli Government’s decision to make this temporary measure permanent has been met with enthusiastic support from the Real Estate Institute of Queensland (REIQ). Acting CEO Kat Beavon hailed the initiative as a “common-sense solution” that offers advantages for both home buyers and renters.

“Allowing first home buyers to rent out unused rooms while maintaining their concessions is a practical step forward,” Beavon said. “This policy helps ease financial pressures for homeowners while simultaneously boosting rental supply in Queensland’s competitive market.”

The move addresses two critical challenges in the state’s housing landscape:

• Encouraging Home Ownership: Reducing financial strain from high purchase prices and rising interest rates.
• Increasing Rental Supply: Easing the tight conditions in Queensland's rental market by creating additional accommodation options.

While Beavon acknowledged this policy alone won’t solve the state’s broader housing issues, she emphasized its importance in addressing key pressure points. “It’s a positive step that supports both buyers and renters in a practical and meaningful way,” she said.

This decision reinforces the government’s commitment to innovative strategies aimed at tackling Queensland’s housing affordability and availability crisis.