First Home Owner Grant Brisbane, Doubled to $30000

Need help with the first home owner grant in Queensland? The first home owner grant or the home builder grant QLD offers the boost you need. Let us assist you in knowing what Government support is available for grants and how much you could save!

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    Secure First Home Owners Grant in Brisbane, QLD

    The QLD first home owners' grant equips first-time buyers with the added support to get into the market at the earliest. You can avail of the first home buyers grant for up to $30,000 when you plan to buy or build a new house valued at less than $750,000. The first home buyers grant funds for new homes, units and townhouses. Do not worry if you have planned to build a house on your own and still wish to opt for first home owner grant offers.

    Discover the Benefits:

    • Size Doesn’t Matter – Whether it’s a cosy small-place, a big decor-rich townhouse, or your home that you’ve been dreaming of for years, our first home owner grant Brisbane services has you covered for new properties across everything.
    • Building Your Dream – Planning to build your own home? You’re still eligible for these fantastic first home owner grant QLD benefits. Don’t miss on your chance to establish the first brick for your perfect house from the ground up with Queensland’s first home buyers grant!
    • Reduced Financial Stress – Gives you access to $30,000 that you can use to pay down your mortgage. Not only will that help reduce the monthly repayments on your Home Loan, but also helps build equity in your home from day 1.
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    QLD Stamp Duty Concessions

    Do you want to know how much stamp duty is in QLD? The market value of the house you are buying plays a role in deciding the stamp duty in QLD. You may be eligible for a concession for stamp duty in Queensland for brand new and established homes up to the value of $550,000.
    The Queensland Governments First Home Stamp Duty Concession is also available for those looking to purchase land to build their First Home on. You may be eligible to claim Queensland’s Vacant First Home Stamp Duty Concession for land values up to $260,000.

    Discover the Benefits:

    • Lower Costs for you – Stamp duty costs can be quite expensive when buying a home. By being able to claim the concession on your stamp duty, it means that more of your deposit can go towards your actual property rather than being eaten up by purchasing costs.
    • Eligibility for All – Queensland’s stamp duty concessions are not just available to Citizens and Permanent Resident but is also available for those on a visa.
    • Can be used with other Grants – Stamp duty concessions in Queensland are able to be used in conjunction with other state and federal grants available to First Home Buyers. Which means you may be able to receive the $30,000 First Home Owners Grant and also get concession on your stamp duty!

    Find out if you're eligible for the First Home Owner Grant in Brisbane, QLD

    Frequently asked questions about First Home Owner Grant for QLD

    The Home Guarantee Scheme is one of three schemes available to First Home Buyers that is to support eligible home buyers to purchase their homes sooner with a deposit as low as 5%. The goal of the scheme is to eliminate the cost of Lenders Mortgage Insurance (LMI) that would usually apply to purchasers with less than a 20% deposit. This may lead to a saving of roughly $8,000 to $16,000 which over time can add up to much more as it is commonly added to the loan (capitalised), meaning it’ll also attract interest. For clients participating in this scheme, the Australian Government is offering its assets, guaranteeing up to 15% of the purchase price in case of default, which allows the lenders to remove the need for the first home buyer to incur LMI. This scheme is available for both es
    The Home Guarantee scheme essentially allows First Home Buyers with 5% deposit to borrow the remaining 15% deposit (to make up a 20% deposit) against the Governments asset. In doing so, the bank looks at the applicants as if they have, they 20% deposit to purchase a home and thus removes the need to incur lenders mortgage insurance. First Home Buyers need to apply with lenders that are approved to administer the scheme by the National Housing Finance and Investment Corporation (NHFIC).
    You can check your potential eligibility on the NHFIC website for the First Home Loan Deposit Scheme. The following conditions will generally apply:
    • applying as an individual or 2 joint applicants
    • an Australian citizen(s) or permanent resident(s)* at the time they enter the loan
    • at least 18 years of age
    • earning up to $125,000 for individuals or $200,000 for joint applicants, as shown on the Notice of Assessment (issued by the Australian Taxation Office)
    • intending to be owner-occupiers of the purchased property
    • First home buyers or previous homeowners who haven’t owned a property in Australia in the past ten years.
    • Applicants must have a deposit of between 5% and 20% of the property’s value
    • Your maximum property purchase price is subject to the suburb and postcode of your new property. You can check the property price threshold for your property’s suburb and postcode using NHFIC’s property price threshold tool
    You can only receive the Government Guarantee once. If you have entered the Scheme but were unable to purchase a property in time, you can request another place.

    Under the HGS, home buyers can buy a residential property, including: 

    • an existing house, townhouse or apartment 
    • a house and land package 
    • land and a separate contract to build a home 
    • an off-the-plan apartment or townhouse. 

    For more information about the other schemes available to First Homeowners, please see Support to buy a home – NHFIC

    Yes, you can. The Home Guarantee Scheme can be combined with other state and territory-based home buying assistance programs such as the First Home Owners Grant. 

    Eligible first home buyers can apply for Home Guarantee Scheme through participating Lenders. Your expert Brisbane Home Loans Broker will assist you with this during the application process. Usually, First home buyers apply for a scheme reservation during the Pre-Approval process with their preferred lender.

    Currently, there is 30,000 scheme places available to assist first home buyers. Contact your Brisbane Home Loan Specialist for assistance in available places as we near the end of the financial year.

    Please see the link for up-to-date property caps.  Please note it is best to access these via the link as they may change from time to time. https://www.housingaustralia.gov.au/support-buy-home/property-price-caps 

    Please use the link to ensure you are receiving the most up-to-date information https://www.housingaustralia.gov.au/participating-lenders 

    Yes, you can apply as an individual applicant, however some state grants may ask  whether your spouse/partner has ever received a grant which could impact your ability to meet their criteria.

    There are several other fees that you will incur when you purchase your first home. You need to check with your Conveyancer and Broker/Lender as to what those will be. However, generally these include Conveyancing/Legal fees, Building Inspection, Transfer fees, mortgage registration fees, Council rates adjustment, and possibly a Borrower application fee.

    Each Lender has their criteria for what savings they will class as genuine savings. The general rule of thumb is that genuine savings refers to the savings that you have been able to save and accumulate in your bank account over the past three months. 

    Haven’t be able to do that? Well, no worries, as some lenders may allow you to use a 12 month rental ledger from a licensed real estate agent as a way to prove your genuine savings. Your Brisbane Home Loans Expert will provide you with detailed advice about each Lender’s requirements

    Yes. However, Participating Lenders may apply their own additional criteria for loans offered under the Schemes. In addition, not all Participating Lenders will offer the same home loan products. Your Brisbane Home Loans Broker is a Product Specialist who will guide you through this process so that you are aware of additional criteria for each lender before you decide.

    Yes.  While you can reserve a place for the scheme, all lenders will require the land to be titled before issuance of an NHFIC guarantee – meaning that the land will need to be titled prior to the end of your 90-day pre-approval period.

    Yes. The Home Guarantee Scheme may be combined with the Qld First Homeowners Grant.

    No. If you currently own land or any residential property in Australia, then you are not eligible for the Home Guarantee Scheme.


    This scheme has been set up to support eligible single parents who have at least one dependent child and wish to purchase a family home with as little as a 2% deposit. Please see this site for more information. Family Home Guarantee – Overview (nhfic.gov.au)

    Ready to get your first home owner grant? Get a FREE quote today!