First Home Owner’s Grant Queensland

City of the gold coast in queensland

Buying a home in the current real estate market might seem like an impossible challenge, but don’t lose hope! The Australian government has set up home owner grants for first time buyers to help them get their foot in the housing market.

The First Home Owner's Grant (FHOG) was launched in 2000. It offers Aussies a one-time lump sum of money for first time home owners considering buying a new or a heavily renovated home. Depending on the state or territory you are in, the requirements for this grant may change, along with the amount of money you may receive.

If you are in Queensland and thinking of applying for the First Home Owner Grant then you’ve come to the right place.

How much is the first home owner’s grant in QLD?

In Queensland, if you are a first time home owner who recently bought a newly constructed house valued at less than $750,000 you may receive a $15,000 grant. The grant is available per household, so if you are buying with a partner or friends you do not get $15,000 each.

If you are planning on building your home the cost of the land and home must be valued below $750,000.

New home owners get paid the grant once the ownership transaction is complete and your name is on the title of the property. If you are building your own property, the grant typically gets paid when you have a final inspection certificate.

Who is eligible for the first home owner's grant in QLD?

The grant is paid per new home, but each individual involved with the purchasing of the house needs to meet certain requirements for eligibility:

  • Must be at least 18 years of age
  • Be an Australian citizen or permanent resident (or applying with someone who is)
  • You or your buying partner must not have previously owned property in Australia that was your primary residence before 1 July 2000
  • New home and land is less than $750,000
  • Intend to move to the house as your main place of residence within 1 year of completing the transaction
  • Must be living there continuously for 6 months.

How to apply for the first home owner’s grant in QLD?

Applying for the grant is simple as long as you do it within one year of your title on the home being registered or within one year of the constructions’ completion date.

To submit the application you can either send it through an approved bank or lender or with the Office of State Review (by post or email).

Application steps:

  • Download and complete the Queensland Treasury’s First Home Owners Grant application form
  • Attach supporting documents: 100 points of ID
  • If you are building on vacant land you’ll need the building contract
  • List of renovations if your bought an existing property
  • Email, post or give your lender the application.

You can email your application to

What other grants or schemes are available in QLD?

If you live in Queensland you may get stamp duty concessions as a first home buyer. As a first time home owner you may be exempt from stamp duty if your home is valued under $550,000 or if your vacant land is under $400,000. It is also possible to get your stamp duty waived if your property is valued more, but it is done on a case-by-case basis.

There is also the New Home Guarantee which was formerly known as the First Home Loan Deposit Scheme. Every year the New Home Guarantee gives federal government support to buy a home to the first 10,000 home buyers that apply. Through this scheme new home owners can qualify for home loans as little as 5% LVR without paying for LMI. However, this scheme is highly in-demand and has several requirements to qualify.

If you’re a single parent you may qualify for the Family Home Guarantee. It allows 2,500 single parents per year to qualify for 2% deposits without having to pay LMI. This recently introduced scheme is for previous owner-occupiers and new home buyers.

Finally, there is the First Home Super Saver Scheme which allows first time home buyers to use their super to save up for a deposit. Through this scheme, you can sacrifice up to $15,000 of your salary per year towards the scheme. By doing this you receive a discounted tax rate of 15% and your funds can earn a specific rate of return. When you are ready to buy your house you can withdraw the money (and the earnings) to use for your deposit. Generally this scheme is more tax-effective than saving through a traditional bank account, but it tends to be one of the less popular scheme options.

How do I apply for the first home owners grant in other states or territories?

Home loan comparisons on Mozo - last updated 14 May 2022

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    1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

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    1.99% p.a.variable for 12 months and then 2.48% p.a. variable
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    2.64% p.a. variable
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    A low variable rate loan for home buyers. No establishment or ongoing fees to pay. 100% offset account included. Allows for unlimited repayments, redraws and flexible repayment options.

  • Variable Home Loan

    <80% LVR, Owner Occupier, Interest Only

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    3.09% p.a. variable
    2.52% p.a.

    Rates have moved in line with RBA. Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit.

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    Owner Occupier, LVR<80%, Principal & Interest

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    2.49% p.a. variable
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    Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.

  • Variable Home Loan Special

    Owner Occupier, Principal & Interest, LVR <80%

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    1.99% p.a. variable
    2.02% p.a.

    Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, optional 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 31st May 2022.


* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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