QLD First home buyer grants
If you're ready to buy your first home or just doing a bit of research, it's important to understand what Government support is available when it comes to grants and incentives and how much you could save!
You could claim up to $55,000 in existing grants to help you get into your first home quicker.
In our Mortgage Minute video, Emma provides a comprehensive overview of state-based offers and grants available to first home buyers in QLD.
Interest Rates on home loans are at an all time low, so now is a great time to take advantage of First Home Buyer Grants in QLD, act now!
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Fill out the form below and one of our brokers will be in contact to discuss your eligibility
Frequently asked questions about FHOG for QLD
How much is the First Home Owners Grant QLD?
As a first home buyer in Queensland you could be entitled to the $15,000 First Home Owner Grant. It’s money that goes a long way towards your first home deposit but conditions apply. To be eligible for the FHOG QLD, you need to buy a brand new home or build a home from scratch. The value of your first home including the land, must be below $750,000.
The FHOG in QLD is available if you buy off the plan, but you may also be eligible for the FHOG if you buy an established home that’s been substantially renovated. This means all, or most, of the building has been removed or replaced. As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.
First Home Owners Grant QLD eligibility
To be eligible for the FHOG in QLD, you’ll need to meet a number of conditions:
- You need to be a natural person (not a company or trust) aged 18 years or older.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You need to be a permanent resident or Australia citizen.
- You or your spouse must not have previously received a First Home Owner Grant in Australia.
- You must not have previously owned property in Australia that you lived in.
- You may still be eligible for the First Home Owner Grant in Queensland if you have owned an investment property as long as you haven’t lived in it.
In addition, you’ll need to live in your first home for at least six months within a year of becoming the owner.
How to apply for First Home Owner Grant QLD
Applying for the First Home Owner Grant is easy, and your Mortgage Choice broker can guide you through the paperwork. Simply fill out the form below and a local expert will be in contact with you shortly.
Are first home buyers in QLD exempt from stamp duty?
As a first home buyer in Qld, you may be eligible to save on the cost of stamp duty.
If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $400,000 or less for your block. That’s a saving of $5,250 on the regular cost of stamp duty.
If your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $8,750, which is the maximum stamp duty rebate available to first home buyers in Qld.
Savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $505,000, you pay stamp duty of $1,050, a saving of $7,875. These savings cut out altogether if your first home costs $550,000 or more. On a property valued at $550,000, for example, the stamp duty would work out to be $10,600.
First home buyer 2021 grants guide
If you're looking at buying your first home it's worth knowing what Government help is available. This guide will walk you through all the grants and schemes to help you save.