First Home Owner Grant (FHOG) QLD
The First Home Owners Grant Queensland is a one-off payment designed to help first home owners in Queensland get a leg up onto the property ladder. The FHOG is worth $15,000 but it is only available if you buy or build a new home valued below $750,000.
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.