First Home Owner Grant Qld

In Queensland, with the First Home Owner Grant you can get $15,000 or $20,000 (depending on your date of contract) towards buying or building your new house, unit, or townhouse (valued at less than $750,000).

From 1 July 2016 the Great Start Grant will be known as the Queensland First Home Owner Grant and depending on your date of contract you'll get $15,000 or $20,000 towards buying or building your new house, unit, or townhouse (valued at less than $750,000).The First Home Owner Grant (FHOG) initiative from the Queensland Government to help you get your first home sooner. To be eligible for the grant, you need to purchase a new home, buy and 'off the plan' property, or by property and build your new home yourself. Further, you must move into the home as your principal place of residence within 1 year of completing the transaction and remain in the home for a continuous period of 6 months. To qualify for the grant, the property value must be less than $750,000. 

If you are eligible for the grant, you may also be eligible for the first home buyers concession on the transfer duty (formerly called stamp duty). You can apply for a concession on:

  • New homes up to the value of $504,999 and receive the maximum concession of $8,750 of your transfer duty. Concessions apply for new homes up to the value of $550,000.
  • Vacant land where you intend to build you home to the value of $250,000 and get a 100% concession on transfer duty. Reduced concessions are granted for land up to the value of $399,999.

The first home buyers concession decreases in value for both new homes and vacant land purchases as the value of the property increases. To estimate your transfer duty on your new home, try our calculator or speak to one of our local expert mortgage brokers.  

 

First home owner grant questionnaire

See if you're eligible

How a Mortgage Choice broker can help

Your local Mortgage Choice broker can take you through all of the incentives available, help you determine what you’re eligible for, and assist you in preparing all of the relevant paperwork to ensure you claim everything you’re entitled to.

Applying for the
First Home Owner Grant

1

In most cases

the lenders are able to act as agents for the Revenue Office.

2

This allows the First Home Owner Grant funds

to be available at settlement or at the first progress payment if you are building your home.

3

If you apply directly to the Revenue Office,

funds will not be available until after settlement or completion of the home if you are building.

Talk to us today to find out more about first home buyer incentives.

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For more details, go to the Queensland Office of State Revenue.