Ryan Pappas

QLD First Home Buyers Grant Summary

Are you confused about what grant(s) you can receive as a first home buyer in Queensland? We have developed a quick summary below. Grants change regularly, so it is always a good idea to review the state governments website to confirm your eligibility or simply contact us.

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Essentially, there are 4 main grants;

First Home Owner Grant – $30,000

The QLD First Home Owner Grant is now $30,000 (previously $15,000).

Eligibility:

Buying or building a brand-new home (including house & land packages or off-the-plan)
Property must be valued at $750,000 or less
You must live in the home for at least 6 months within the first year
Contract must be signed between 20 Nov 2023 and 30 June 2025

🔗 More on the First Home Owner Grant →

Stamp Duty (Transfer Duty) Concessions

There are two main options depending on what you’re buying and when:

Until 30 April 2025 (for existing homes & land):

Vacant land:
No duty if land is ≤ $350,000, discounted up to $500,000
Established homes:
No duty if the home is ≤ $700,000, discounted up to $800,000

🔗 See current stamp duty concessions →

From 1 May 2025:

Buying a brand-new home or off-the-plan?
You’ll pay no stamp duty at all — no price cap, as long as it’s your first home and you live in it.

🔗 Details on new stamp duty exemption →

First Home Guarantee (Federal Scheme)

Previously called the First Home Loan Deposit Scheme, this lets eligible buyers:

Purchase a home with just a 5% deposit
Avoid Lender’s Mortgage Insurance (LMI)

Eligibility basics:

Australian citizen, 18+ years
Income caps: $125,000 for singles, $200,000 for couples
Property price caps vary by location (e.g. Brisbane: $700,000)

🔗 More about the First Home Guarantee →

First Home Super Saver Scheme (FHSSS)

This one lets you use your voluntary super contributions to save a deposit.

Withdraw up to $50,000 (plus earnings)
Helps you save with tax benefits
You must live in the home for 6+ months in the first year

🔗 Details on the FHSSS →

Still confused? Why not book an appointment with us today to discuss your individual circumstances? What have you go to lose!?

QLD First Home Buyers Grant Summary