[First Home Buyer] Queensland, Australia, has relaxed measures for first home buyers. Can property rooms be rented out?

【首次置業】澳洲昆士蘭放寬首次置業者措施，物業房間竟然可以放租？

With the housing market in short supply in recent years, the Queensland government has just introduced an important reform that allows first-time home buyers to rent out their rooms without losing the first-time home purchase stamp duty concession. This new policy is designed to alleviate housing affordability challenges and support the financial needs of new homeowners.

In the past, first-time buyers risked losing stamp duty benefits if they rented out part of their property. However, under the revised policy, buyers can now generate income by renting out their spare rooms. The change is consistent with Queensland’s wider housing policy, which aims to ensure home ownership remains achievable amid rising house prices.

The policy changes are one of a series of measures being taken by the Queensland Government to tackle the housing crisis. First, the stamp duty exemption is increased to A$700,000, and buyers can enjoy partial discounts for properties worth less than A$800,000, helping eligible first-time homebuyers save up to A$17,350 in stamp duty. Assistance of up to $30,000 is available to eligible applicants through stamp duty concessions and first home buyer grants.

The reforms come as Queensland’s housing crisis intensifies, with rising rents and limited affordable housing options leaving many families struggling. Allowing first-time buyers to rent out their spare room will not only help them pay off their mortgage, but it can also reduce overall financial stress and allow buyers to make better use of their equity. However, real estate experts remind buyers to follow relevant rental laws, policies and regulations when making rental arrangements. For example, landlords are required to abide by a standard tenancy agreement, disclose rental income on tax returns and not live in a residence other than the first property.

The introduction of this policy is particularly timely as house prices in Queensland, especially in cities such as Brisbane, remain high. Industry groups such as the Real Estate Institute of Queensland (REIQ) welcomed the changes but called for further measures to ensure long-term housing affordability. This new policy is not only a practical solution to the financial challenges faced by first-time homebuyers, but also reflects the government’s proactive efforts to address housing affordability issues. With the implementation of these policies, the state government hopes to provide greater support to first-time homebuyers and encourage them to seize these opportunities in order to find a suitable home in the highly competitive real estate market. If you have Australian identity and plan If you want to buy a property or study in Brisbane and Gold Coast, Australia, contact Betty of Changmei Australia Real Estate immediately to learn more about the information and help you achieve your goal of immigrating to Australia to study!

With the housing market in short supply in recent years, the Queensland government has just introduced an important reform that allows first-time home buyers to rent out their rooms without losing the first-time home purchase stamp duty concession. This new policy is designed to alleviate housing affordability challenges and support the financial needs of new homeowners. In the past, first-time buyers risked losing stamp duty benefits if they rented out part of their property. However, under the revised policy, buyers can now generate income by renting out their spare rooms. The change is consistent with Queensland’s wider housing policy, which aims to ensure home ownership remains achievable amid rising house prices. The policy changes are one of a series of measures being taken by the Queensland Government to tackle the housing crisis. First, the stamp duty exemption is increased to A$700,000, and buyers can enjoy partial discounts for properties worth less than A$800,000, helping eligible first-time homebuyers save up to A$17,350 in stamp duty. Assistance of up to $30,000 is available to eligible applicants through stamp duty concessions and first home buyer grants. The reforms come as Queensland’s housing crisis intensifies, with rising rents and limited affordable housing options leaving many families struggling. Allowing first-time buyers to rent out their spare room will not only help them pay off their mortgage, but it can also reduce overall financial stress and allow buyers to make better use of their equity. However, real estate experts remind buyers to follow relevant rental laws, policies and regulations when making rental arrangements. For example, landlords are required to abide by a standard tenancy agreement, disclose rental income on tax returns and not live in a residence other than the first property. The introduction of this policy is particularly timely as house prices in Queensland, especially in cities such as Brisbane, remain high. Industry groups such as the Real Estate Institute of Queensland (REIQ) welcomed the changes but called for further measures to ensure long-term housing affordability. This new policy is not only a practical solution to the financial challenges faced by first-time homebuyers, but also reflects the government’s proactive efforts to address housing affordability issues. With the implementation of these policies, the state government hopes to provide greater support to first-time homebuyers and encourage them to seize these opportunities in order to find a suitable home in the highly competitive real estate market. If you have Australian identity and plan If you want to buy a property or study in Brisbane and Gold Coast, Australia, contact Betty immediately to learn more about the information and help you achieve your goal of immigrating to Australia to study!