Queensland government cuts transfer duties for some first home buyers in election push

Queensland raises the threshold for concessions on transfer costs, meaning some first-time home and land buyers could save thousands of dollarsThe Queensland government has added lower transfer costs for some first home buyers to its list of budget sweeteners as competition heats up for votes in October's election.

However, shadow treasurer David Janetzki called the initiative a "major win" for the Liberal National Party — saying it proposed a similar measure in January that Mr Miles had "rubbished". Mr Miles said the government would cover the cost of the measure by increasing the foreign investor land tax surcharge to 3 per cent.

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