Queensland State Budget 2026-27: Key Highlights and Implications
Insight into the 2026-2027 Queensland State Budget. PRD Research examines the Budget's impact on the Queensland property industry, focusing on key property stakeholders and highlighting the opportunities, challenges, and potential implications for Queensland's property market. Download the insights to learn more about one of the state's most important housing and economic policy announcements.
Treasurer David Janetzki handed down the 2026–27 Queensland State Budget on 23 June 2026, with several clear objectives including a no-new-tax budget focused on cost-of-living relief, record health funding, housing supply, and major infrastructure investment ahead of the Brisbane 2032 Olympic and Paralympic Games. From a property and housing perspective, the Budget introduces measures aimed at supporting first home buyers, renters, developers, and the broader residential construction sector.
Key housing-related initiatives include the continuation of the Boost to Buy shared equity scheme, the extension of the $30,000 First Home Owner Grant, permanent stamp duty relief for eligible first home buyers purchasing new homes, the introduction of the Palm Island Rent-to-Buy Home Ownership Scheme, and a record $119.241 billion four-year capital program supporting transport, housing, and community infrastructure projects across Queensland. The Budget also strengthens commitments to social and community housing, residential land activation, and housing supply growth.
With substantial funding and targeted programs designed to improve housing affordability, increase supply, and support residential construction activity, it’s clear that the biggest winners of the 2026–27 Queensland State Budget are first home buyers, and developers, and builders. Renters will also benefit with rent to buy home ownership schemes and increased tenancy and homelessness support while existing homeowners are likely to benefit indirectly through improved transport networks, and community infrastructure investments that enhance local amenity and long-term property values.
However, the Budget contains no major investor-specific incentives or new support measures, which may create challenges for Queensland's property investment landscape and rental market amid broader changes to negative gearing, capital gains tax (CGT), and self-managed super fund (SMSF) regulations.
Download PRD Research's Queensland State Budget 2026–27 report to explore the key housing and real estate measures, market implications, and opportunities across Queensland.
