More great news for first home buyers looking to purchase land. The 2009/20010 Queensland state budget revealed an increase to the transfer stamp duty exemption threshold for first home buyers purchasing vacant land from $150,000 to $250,000, providing savings of up to $5,675. It also extended the concession for first home buyers purchasing vacant land valued at up to $400,000. These measures are on top of the transfer duty exemption threshold for first home buyers purchasing established homes being increased to $500,000 in last year’s state budget.

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