First Home Owner Grant QLD and Your Home Buying Guide
Buying your first home in Queensland? This guide explains the First Home Owner Grant, stamp duty concessions and low-deposit schemes, then walks you through every step from planning to getting the keys. When you’re ready, Kyle Downey can help you work out what you’re eligible for.
Up to $30,000 towards a new home in Queensland.
No transfer duty on eligible new homes for first buyers.
Schemes that may let you buy with less saved.
The Queensland First Home Owner Grant
The Queensland First Home Owner Grant gives eligible first home buyers $30,000 towards buying or building a brand new home. It applies to contracts signed on or after 20 November 2023.
To be eligible, generally:
-
The home must be new, meaning it hasn’t been lived in or sold as a home before. There’s no grant for established homes
-
The home must be valued at less than $750,000, including land
-
You must be 18 or over, and an Australian citizen or permanent resident, or applying with someone who is
-
Neither you nor your partner can have owned residential property in Australia before, or received a first home grant in any state
-
You must move in within 12 months and live there for at least 6 months
Your income doesn’t affect eligibility, and the grant can’t be used for an investment property.
Kyle can check your eligibility and arrange for the grant to be paid through your lender, so it goes towards your purchase at settlement.
Information correct as at October 2026. Check the latest rules at the Queensland Revenue Office.
Stamp Duty for First Home Buyers in Queensland
In Queensland, stamp duty is called transfer duty. It can be one of the biggest upfront costs of buying, but first home buyers get significant concessions:
-
New homes and vacant land: since 1 May 2025, eligible first home buyers pay no transfer duty on a new home, or on vacant land to build their first home on. There’s no value cap.
-
Established homes: the first home concession can wipe out or reduce transfer duty. Lower-priced homes get the full concession, the concession reduces for homes valued between $710,000 and $800,000, and it doesn’t apply above $800,000.
You can combine the grant with the stamp duty exemption on a new home, which together can make a big difference to how much you need to save.
Information correct as at October 2026. Check the latest rules at the Queensland Revenue Office.
Buying With a Smaller Deposit
Most lenders want a 20 percent deposit to avoid lenders mortgage insurance (LMI), but there are ways to buy sooner:
-
First Home Guarantee: an Australian Government scheme that lets eligible first home buyers purchase with as little as a 5 percent deposit, without paying LMI. Property price caps apply.
-
Family Home Guarantee: helps eligible single parents and single legal guardians buy with as little as a 2 percent deposit.
-
Family guarantee: a family member uses equity in their own property as extra security, which can remove the need for LMI. Kyle has extensive experience arranging these.
Kyle can access lenders for the First Home Guarantee and Family Home Guarantee, and can tell you which option suits your situation. Find out more about LMI and your borrowing power.
Your Home Buying Journey, Step by Step
-
Planning: work out your borrowing power, your deposit and the costs involved, including any grants or concessions you’re eligible for. Start with our Borrowing Power Calculator.
-
Pre-approval: Kyle works with your chosen lender to conditionally approve your loan, so you can house hunt with confidence. You’ll need ID, evidence of your deposit and savings history, and payslips or tax returns.
-
Finding: inspect homes, ask the agent the right questions, and get a building and pest inspection before you commit. Kyle will help you choose the right loan type and features, such as an offset account.
-
Settlement: once your offer is accepted, Kyle handles formal approval with the lender and keeps you updated until the money changes hands.
-
Getting the keys: you’re a homeowner. Kyle will review your loan with you regularly to make sure it still suits you.
Ask Kyle
First Home Grants and Schemes
How much is the First Home Owner Grant in Queensland?
The Queensland First Home Owner Grant is $30,000 for eligible first home buyers buying or building a new home valued at less than $750,000, including land, for contracts signed on or after 20 November 2023.
Can I get the First Home Owner Grant on an established home?
No. In Queensland the grant only applies to new homes that haven’t been lived in or sold as a home before. First home buyers purchasing an established home may still be eligible for a stamp duty concession.
.jpg)
Do first home buyers pay stamp duty in Queensland?
Eligible first home buyers pay no transfer duty on a new home or vacant land to build on, with no value cap. For established homes, the first home concession can remove or reduce transfer duty, reducing between $710,000 and $800,000 and not applying above that.
How much deposit do I need for my first home?
For most standard residential properties, lenders look for 20 percent to avoid lenders mortgage insurance, though some property types need more. There are loans available with less, and government schemes and grants can reduce it further for eligible first home buyers.
Meet our Team
.jpg)
Kyle Downey
Principal Broker
Phone: 0493 010 111
Email: kyle@highpointfinance.com.au
With 12 years of lending experience at one of the big four banks, Kyle has helped hundreds of first home buyers understand their options and get into their first place with confidence. He knows exactly what lenders look for, and takes the time to explain every step in plain English, so you always know where you stand.
Megan Downey
Broker Support
With a keen eye for detail, Megan assists with paperwork, applications and regular client updates, helping make the process feel simpler and less stressful. Megan is also dedicated to providing clients with an annual home loan review, helping them stay informed about their current loan, interest rate and available options as their needs or the market change.
.jpg)
Our Partners
CONTACT US
Get in touch today
When we help you with your borrowing needs, we consider you to be a client for life. We want you to be confident that you are working with professionals who have your best interests in mind now and in the long term.
We have many years of experience in finance and professional mortgage broking. Our aim is to find you the best loan for your needs, and to make the process as simple and transparent as possible.
Please get in touch with us today.
The privacy of your personal information is important to us. By providing your personal information to High Point Finance, you consent to be contacted by a representative of High Point Finance from time to time for marketing purposes. We will use your contact details to send you direct marketing communications including offers, updates and newsletters that are relevant to the services we provide. We may do so by mail or electronically. You can unsubscribe by notifying us and we will no longer send this information to you. Click <here> to view our full Privacy Policy.
​
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Consider whether it's right for you, and seek independent financial and legal advice before making a decision.