First Home Buyers NEWS

The Queensland Government has also announced a one-off, 12-month boost of $5,000 to the grant,

which will now be worth $20,000, starting 1 July 2016. 

The Queensland First Home Owners' Grant is a state government initiative to help first home owners to get their new first home sooner. Depending on the date of your contract, you’ll get $15,000 or $20,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). You can even buy off the plan or choose to build yourself. It’s a great opportunity to buy or build a new home in our great state.

Note: The $20,000 Queensland First Home Owners' Grant is not available to contracts that replace previous contracts entered into before 1 July 2016.

How a Queensland First Home Owners' Grant

can help you:

  • If you're thinking of buying or building a new home, this could
    be what gets you started.
  • It could get you something more than you were expecting.
  • It can get you into your first home sooner.

 

To be eligible for the grant:

  • You must be an Australian citizen or permanent resident (or applying with someone who is).
  • You or your spouse must not have previously owned property in Australia.
  • You must be at least 18 years of age.
  • You must be buying or building a brand new home, valued under $750,000.

Test your eligibility here

 

Check the transfer duty and First Home Calculator here:

 

 

https://www.treasury.qld.gov.au/taxes-royalties-grants/duties/transfer-duty-grants-calculator.php

 

The Queensland First Home Owners' Grant is still administered under the First Home Owner Grant Act 2000.