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Directory of
QLD First Home
Buyer Grants

QLD First Home Buyer

Are you a QLD first home buyer looking for some extra financial cushioning to help you through the home buying process? Look no further – we’ve done the research and have put together this comprehensive directory of Queensland First Home Buyer Grants!

In this first home buying guide, you’ll find all sorts of information related to how much money is available, grants by type, eligibility criteria and more. So read on to learn how easy it can be make your dream of owning a home come true.

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First home buyer what to know: government grants and initiatives

To benefit from the Queensland government first home buyers grants, you must meet certain eligibility criteria. These include:

  • Must be natural persons (not companies or trusts);
  • Must be 18 years of age or older;
  • Must be permanent residents of Australia;
  • Must not have previously received a grant from the applicable scheme;
  • Must meet specific income requirements;
  • Must satisfy certain residency requirements.

In addition, applicants must meet certain conditions including applying for the relevant loan within 12 months of signing a building contract and using the loan proceeds to purchase a residential property.

Other conditions may apply so please contact a Sunshine Coast mortgage broker for more information.

Consult a mortgage broker Sunshine Coast

1. First Home Owners Grant QLD (FHOG QLD)

The FHOG in QLD is a $15,000 one-off payment paid to a QLD first home buyer upon their purchase of a new property or when they build a new house.

Typically, you need 20% of the property value for a home loan deposit to avoid paying the Lenders Mortgage Insurance premium. This may seem like too big of a deposit for most borrowers, especially when your eyes are set on a property that’s on the pricier side of the spectrum.

You can use the First Home Owners Grant for the following purposes:

  • As part of your home loan deposit — that’s $15,000 off your budget!
  • To pay for costs like stamp duty, legal fees, and title search.
  • Bundle the First Home Owners Grant QLD with other Queensland government grants and schemes

2. First Home Super Saver (FHSS) scheme

Under the First Home Super Saver scheme, you may be able to access your superannuation savings to purchase a property in Australia.

You can use up to $50,000 in total (across all years) from your super. For couples, that means you can access twice this amount or up to $100,000 of voluntary contributions combined.

Apply for the FHSS scheme at the Australian Taxation Office (ATO). The ATO will assess your application and determine if you are eligible to withdraw the money from your super fund.

To be eligible, you must:

  • Be 18 years of age and above
  • Have never owned a property in Australia before, including a property investment
  • Have not previously used the FHSS scheme
  • Intend to live in the property you are buying as soon as possible, or at least 6 months of the first 12 months you own it

3. First Home Buyer Stamp Duty concession QLD

Transfer or stamp duty exemption QLD applies to Queensland homes valued under $550,000 and can save you up to $15,925.

To be eligible, you must:

  • Have never claimed the first home vacant land concession
  • Have never held an interest in another residence anywhere in Australia or overseas
  • Be at least 18 years of age
  • Move into it with your personal belongings and live there daily within 1 year of settlement
  • Not dispose (sell, transfer, lease or otherwise grant exclusive possession) of all or part of the property before you move in
  • Pay market value if the residence is valued between $500,001 and $549,999.

4. First Home Guarantee Scheme (formerly First Home Loan Deposit scheme)

The First Home Guarantee (FHBG) (previously labeled First Home Loan Deposit scheme) is part of the Home Guarantee Scheme (HGS).

Under the FHBG, a first home buyer Queensland can purchase a home with only 5% deposit without paying Lenders Mortgage Insurance.

How this works is that the National Housing Finance and Investment Corporation or NHFIC guarantees the remaining 15% of the deposit (a QLD first home buyer normally pays a 20% deposit upfront).

Below are the First Home Guarantee Scheme QLD limitations

  • The definition of a residential property includes (and is limited to):
  • 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.
  • 35,000 places are available each financial year.
  • There are price caps for each location
  • Specific timeframes and criteria apply to the different property types.
  • The contract of sale and (if applicable) eligible building contract may have to be executed by specific dates.

To apply for the FHBG, you must be:

  • Applying as an individual or couple (married / de facto)
  • An Australian citizen(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 couples, 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 who have not previously owned, or had an interest in, a property in Australia.

5. Regional First Home Buyer Guarantee (RFHBG)

The Regional First Home Buyer Guarantee assists regional customers in buying an owner-occupied home in designated regional areas. The scheme will cover 15% of the required deposit so eligible buyers can pay 5% of the purchase price without needing to pay the Lenders Mortgage Insurance premium.

The RFHBG officially launched on 1 October 2022 and is set to run until 30 June 2025. You can apply either as a single or joint applicant.

To be eligible, you must:

  • Be an Australian citizen, aged 18 years or over (permanent residents are excluded)
  • Have earned $125,000 or less for singles or $200,000 or less for couples in the last financial year
  • Not have owned a home previously (owner occupied or investment)
  • Have at least a 5% deposit to contribute towards your property purchase
  • Purchase a property in your current or adjacent regional area
  • Have lived in a regional area or adjacent regional area to where they are purchasing in for the preceding 12-month period to the date they execute the home loan agreement

Take advantage of these first home buyer grants — slots are limited!

We hope you found this first home buyer guide helpful and informative. Remember, there are plenty of resources available to help you through the process – all you need to do is ask!

And if you’re looking for more personalised assistance, don’t hesitate to get in touch with the mortgage brokers at Sunshine Coast Financial Solutions. We will be more than happy to answer any questions you may have.

Home Loans, Investment Loans, First Home

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Take advantage of these first home buyer grants — slots are limited!

We hope you found this first home buyer guide helpful and informative. Remember, there are plenty of resources available to help you through the process – all you need to do is ask!

And if you’re looking for more personalised assistance, don’t hesitate to get in touch with the mortgage brokers at Sunshine Coast Financial Solutions. We will be more than happy to answer any questions you may have.

Home Loans, Investment Loans, First Home

[contact-form-7 id="2602" title="QLD First Home Buyer"]

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  • Avatar Mischa Göttinger ★★★★★ 3 months ago
    My partner and I recently went through the process of securing a home loan in Australia, and we couldn’t have asked for a better experience than the one we had with Sunshine Coast Financial Solutions.
    SCFS was highly recommended to us by a friend who had worked with them before, and now I completely understand why.
    From our first conversations with Chris through to working closely with Daryl, we felt guided, supported and well informed at every stage. They took the time to understand our situation, explained the available options clearly, answered every question thoroughly, and were always happy to help, even when we had plenty of follow-up questions.
    What stood out most was the communication. Updates were proactive, responses were incredibly fast, and whenever we asked multiple questions, we received complete and thoughtful answers rather than partial replies. Nothing ever felt rushed, and we never felt like just another client moving through a process.
    The level of professionalism and attention to detail was exceptional. Even when everything appeared ready to go, they still took the time to double-check the details and make sure everything was correct before giving us the green light. That thoroughness gave us a lot of confidence and peace of mind.
    In an industry where I find it sometimes difficult to know who to trust, SCFS stood out for all the right reasons. Knowledgeable, responsive, transparent and genuinely focused on helping their clients make the right decisions.
    We are extremely grateful for the support throughout the entire process and would recommend SCFS without hesitation to friends, family and anyone looking for a mortgage broker.
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    A fantastic, well-oiled machine! SCFS have a great team of experts to help all things home loan. We had a welcome consultation with Chris who then handed us over to Adam who was our mortgage broker. We couldn’t be happier with Adam, he is top notch. Always happy to answer questions (and we had many as first time buyers!) and super efficient with calculating and assessing different loan options tailored to our situation.
    Once we had our (very competitive) loan and we had made an offer on a house, we were then assisted by Grant, who specialises in the settlement process. Grant was great at keeping us up to date with communication and making sure all the specific details were accurate.
    During the home offer process we experienced another mortgage broker trying to swoop in and poach us to secure a deal after claiming they could get us a better loan offer. We didn’t appreciate this underhanded tactic (apparently common in the field) but entertained him to see what numbers he could come back with. This outside mortgage broker was not competitive at all compared to the loan offers Adam could provide and didn’t have anywhere close to the clear, genuine communication of the SCFS team.
    We are so happy we chose SCFS and will continue to use them for any future loans, thanks so much team!
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    I can't recommend this team highly enough! As a return customer, I knew I was in good hands, and once again they exceeded all my expectations.
    From start to finish, they were professional, efficient and incredibly supportive. They kept me informed every step of the way, communicating clearly, politely and always making time to answer my questions. Nothing was ever too much trouble.
    They went above and beyond to find the best mortgage to suit my needs, and I always felt they had my best interests at heart. Buying a home is one of the biggest financial decisions you'll ever make, and having a team I could completely trust made all the difference.
    Words can't express how grateful I am for helping me purchase my own home. Thank you for making what could have been a stressful experience feel so smooth and straightforward. I wouldn't hesitate to recommend your services to anyone looking for a mortgage broker who genuinely cares about their clients.
    Thank you SCFS!
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    I had a great experience with SCF Solutions over the past 3 years.
    I first contacted them for a home under $700k and got pre-approval, but couldn’t find a property at the time. Over the next few years, prices went up and I changed jobs a few times—but they were always patient and helped reassess my borrowing capacity each time.
    When I finally found a home and land package, Adam and Grant l were very supportive, explaining each stage and handling settlement smoothly.
    Professional, responsive, and always available. Highly recommend.