Queensland Treasury
Queensland Budget 2026-27 · Crisafulli Government
As at budget day (2026-06-23)
Across budgets
Tracked across 6 budgets (2021-22 to 2026-27).
Key service areas
Budget initiatives
$330 million for the Boost to Buy shared equity home ownership scheme, providing eligible buyers a government equity contribution of up to 30% for new homes and 25% for existing homes, supporting up to 2,000 first home buyers.
First home buyers with as little as a 2% deposit can buy a home with the government taking an equity share of up to 30% (new homes) or 25% (existing homes), for properties up to $1 million.
$165M capital plus $2M operating in 2026-27, part of a $330 million total package for the shared equity scheme
$72 million to extend the boosted $30,000 First Home Owner Grant for four years, encouraging first home buyers into new builds.
First home buyers building a new home get a $30,000 grant (double the standard amount), locked in for four years to help them into the market.
General Government operating/revenue foregone, $72M over 4 years
Continued indexation of the vulnerable household Electricity Rebate Scheme, increasing 3.4% to almost $400 in 2026-27 for around 700,000 households.
The electricity rebate for vulnerable households rises to almost $400, providing power bill relief to around 700,000 Queensland households.
Concession; rebate set at $399 in 2026-27. Total program cost not separately broken out in BP4.
$60.0 million over four years to increase resourcing for the Queensland Revenue Office's compliance and debt recovery activities, estimated to raise $220 million in additional revenue.
Strengthens collection of taxes, royalties and penalty debts owed to the state, helping fund services without new taxes.
General Government operating, $60.0M over 4 years plus $15.6M per annum ongoing. Linked revenue measure estimated to raise $220 million over four years.
Extension of the 50% payroll tax rebate on apprentice and trainee wages until 30 June 2027, at an estimated cost of $64 million in 2026-27.
Extends a 50% payroll tax rebate for businesses employing apprentices and trainees, encouraging them to take on more young workers.
Revenue measure (revenue foregone), estimated cost $64M in 2026-27. Negative amount denotes revenue foregone. Subject to passage of legislation.
From 1 August 2026, temporary residents will be ineligible for home, first home and vacant land transfer duty concessions and will pay standard rates, reducing revenue foregone by $28.9 million over four years.
Temporary residents will pay standard transfer duty rates (like investors) when buying property, with some exemptions, from 1 August 2026.
Revenue measure; reduces revenue foregone by $28.9M over four years (positive figure = revenue gained). Some exemptions apply.
Streamlined transfer duty and land tax surcharge relief for entities that build housing, including lowering the dwelling threshold from 50 to 20 and a pre-approval process, with revenue foregone of $66.2 million over five years.
Makes it easier for residential developers to access surcharge relief by lowering the dwelling threshold from 50 to 20 and adding a pre-approval process, encouraging more housing to be built.
Revenue measure (revenue foregone), $66.2M over 5 years. Negative amount denotes revenue foregone to encourage housing supply.
Forward estimates
Year-by-year allocations for 5 measures with published forward profiles.
| Measure | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 | Total |
|---|---|---|---|---|---|---|
| Boost to Buy Shared Equity Scheme | — | $165M | — | — | — | $165.0M |
| Queensland Revenue Office Compliance and Debt Recovery | — | $14.5M | $14.8M | $15.2M | $15.6M | $60.0M |
| Apprentice and Trainee Payroll Tax Rebate Extension | — | -$64M | — | — | — | $-64000.0K |
| Targeting Transfer Duty Home Concessions | — | $4.6M | $5.3M | $5.5M | $13.5M | $28.9M |
| Reform of Surcharge Relief Arrangements | -$3M | -$14.2M | -$15M | -$16.3M | -$17.7M | $-66200.0K |
| Total | $-3000K | $105.9M | $5.1M | $4.4M | $11.4M | $123.7M |
Performance metrics
Service standards from the Service Delivery Statement. Targets and actuals as published.
| Metric | Prior target | Actual | Target |
|---|---|---|---|
| 2024-25 | 2024-25 | 2025-26 | |
| Overall stakeholder and customer satisfaction with economic strategy outputs | 80% | 83% | 80% |
| Achievement of the Government's fiscal principles | Meet | Meet | Meet |
| Overall stakeholder and customer satisfaction with the information, analysis and advice provided (Fiscal strategy and financial reporting) | 80% | 57% | 80% |
| Total revenue dollars administered per dollar expended — accrual | $171 | $180 | $183 |
| Overall customer satisfaction with revenue services provided | 65% | 55% | 65% |
| SPER clearance rate (finalisations/lodgements) | 100% | 111.5% | 100% |
| Average cost per $100 of revenue and penalty debt collected | $3.46 | $2.66 | $3.34 |
Source: Service Delivery Statement. Prior target and actual are for 2024-25; target is for 2025-26.
Source document
Service Delivery Statement — Queensland Treasury (PDF)Last updated: 2026-06-24. Factual information from published budget documents.