Queensland First Home Buyer Assistance
A plain English guide to the grants, concessions and government schemes available to first home buyers in Queensland right now.
1. First Home Owner Grant (FHOG) 💰
Queensland's grant for eligible first home buyers purchasing or building a new home.
- Grant: $30,000
- Applies to: New homes only, including substantially renovated homes
- Property value cap: Less than $750,000, including land
- Established homes: Not eligible
- The Queensland Government has extended the $30,000 grant beyond 1 July 2026
2. Transfer Duty (Stamp Duty) Concessions
Established First Home
If you're buying your first established home:
- No transfer duty on homes valued up to $700,000
- A partial concession applies between $700,001 and $800,000
- Above $800,000, the first home concession no longer applies, although other concessions may
New First Home
If you're buying a new home as your first home:
- Eligible first home buyers pay no transfer duty, regardless of the property's value, provided all eligibility requirements are met
Vacant Land
If you're buying vacant land to build your first home:
- Eligible first home buyers can also receive a full transfer duty concession, reducing duty to $0
3. Boost to Buy (Queensland Shared Equity Scheme)
A Queensland Government shared equity program.
- Buy with as little as a 2% deposit
- Queensland Government contributes: up to 30% for a new home, or up to 25% for an existing home
- Maximum property value: $1 million
- Government owns a share of the property until it is bought back or the property is sold
4. Queensland Housing Finance Loan
Designed for buyers who can afford repayments but have difficulty saving a deposit.
- Deposits from 2%
- Government-backed home loan
- Income and eligibility criteria apply
- Available to eligible owner-occupiers, not just first home buyers
Summary at a Glance
| Scheme | New Home | Existing Home | Main Benefit |
|---|---|---|---|
| First Home Owner Grant | ✔ | ✘ | $30,000 grant |
| Transfer Duty Concession | ✔ | ✔ | Up to $0 stamp duty |
| Boost to Buy | ✔ | ✔ | Shared equity, 2% deposit |
| Queensland Housing Finance Loan | ✔ | ✔ | Government low deposit loan |
What This Means for You
As your mortgage broker, the Queensland state incentives we most commonly assess for clients are the $30,000 First Home Owner Grant for new homes, transfer duty concessions for new and established homes, the Boost to Buy shared equity scheme, and the Queensland Housing Finance Loan. These are separate from Australian Government initiatives such as the First Home Guarantee, Help to Buy, or the First Home Super Saver Scheme, which may also apply to your situation.
Information current as at August 2026 and subject to change. Eligibility criteria apply to all schemes listed above. This is general information only and does not constitute financial advice. Coastal Broking Pty Ltd.
For the most up to date Queensland state based information, visit:
https://www.qld.gov.au/housing/buying-owning-home/home-buyers-financial-help