Last updated 14 November 2026 · Reviewed by Riyadh Financial Services Compliance
At a glance
- The Queensland Revenue Office (QRO) charges transfer (stamp) duty and runs Queensland's home concessions and first home owner grant.
- Eligible first home buyers of a brand new home, or vacant land to build on, may pay no transfer duty.
- Foreign persons may pay additional foreign acquirer duty (AFAD) on residential property.
- Building new? See Islamic construction finance.
Is there Islamic finance in Brisbane?
Yes. Many people searching for Islamic finance in Brisbane, or for a "halal mortgage", want home finance that avoids riba. With us, that's Ijaar home finance: Ijarah, a lease that ends in ownership, with no interest. It can be used for a home or an investment property, subject to credit criteria.
What should you know when buying a home in Queensland?
- When duty applies.Transfer duty usually becomes payable once you sign a contract to purchase a house or other property. The QRO explains who is liable and when it's due.
- Home concessions come with obligations. A home concession can cut the duty on a home you'll live in. The QRO lists conditions you'll need to keep meeting once you've claimed it, so check them before you sign.
- Foreign buyers.Additional foreign acquirer duty may apply when a foreign person buys residential land in Queensland.
- Buyer guidance. The Queensland Government's advice on buying a home covers contracts, deposits, cooling-off periods and inspections, and the Office of Fair Trading helps resolve marketplace disputes.
Who does what when you buy in Queensland?
| Who | What they do |
|---|---|
| Queensland Revenue Office | Handles transfer duty, the first home owner grant and home concessions |
| Your solicitor or conveyancer | Checks the contract, helps with duty and coordinates settlement |
| Your accredited broker | Explains your finance options and lodges your application |
| The financier | Assesses your application against credit criteria and, if approved, issues your contracts |
What help is there for first home buyers in Queensland?
- First home concessions: the QRO's first home concession reduces transfer duty on your first home. Separate first home concessions for a brand new home and for vacant land can mean you pay no duty.
- First home owner grant: for eligible first home buyers buying or building a new house, unit or townhouse they will live in. Anyone who will be an owner must be included on the application.
The QRO has online eligibility testers for both, and a page explaining how the concessions and the grant differ. If you're eligible, the First Home Owner Grant can be applied for as part of your finance application on selected Ijaar home finance.
How does Ijaar home finance work?
- Buying: the financier appoints you as its agent (wakeel, under a Wakalah agency agreement) to buy the property on its behalf.
- Owning: you're the registered owner on the title from settlement. The financier holds a registered mortgage and a beneficial interest (an ownership share), which passes to you when all payments are made.
- Paying: you pay rental for the use of the financier's share, with Principal and Rental, or Rental Only for a limited period, at a variable rental rate or one fixed for a period on selected Ijaar home finance.
Who can apply in Queensland?
You need to be 18 years and over and an Australian or New Zealand citizen or Australian permanent resident, applying as an individual, company or trust. Some temporary visa holders living in Australia, and some Australians, New Zealanders and Australian visa holders living overseas, can apply for selected Ijaar home finance. We don't offer finance to non-residents.
How do you get Islamic home finance in Brisbane, step by step?
- Talk to a broker about your plans. If you don't have a broker, contact us and we can refer you to an accredited broker.
- Your broker lodges your application, and the financier assesses it.
- Your solicitor or conveyancer handles the contract, duty and settlement.
How can Riyadh Financial Services help in Queensland?
Riyadh Financial Services arranges Shariah-compliant property finance through accredited mortgage brokers, who must act in your best interests under Australian credit law (the best interests duty). Accredited brokers work across Queensland, in person or online. If you don't have a broker, contact us and we can refer you to an accredited broker. Our product structures are reviewed by our independent Shariah adviser; ask us for the current Shariah certificate and what it covers.
Keep reading:Ijaar home finance · Islamic house and land finance with HomePay · Islamic home finance for first home buyers
Islamic home finance in other states:New South Wales · Victoria · Western Australia · South Australia · ACT · Tasmania · All state guides