First Home Buyer Grants Queensland

First Home Owner Grant (FHOG) Cap

From 1 January 2010, the Queensland government has introduced a property value threshold of $1,000,000; only properties below this value may be eligible for the first home owner grant.

Queensland – First Home Buyer Stamp Duty Concessions

In addition to the federal government’s First Home Owners’ Grant, as at September 2008 the Queensland Government offers additional financial incentives for eligible first home buyers in the form of stamp duty concessions on transfer stamp duty. Under the concession scheme, a first home buyer will pay no stamp duty on properties up to the value of $500,000; properties valued between $500,000 and $600,000 will be eligible for partial exemption calculated on a sliding scale.

Regional QLD First Home Owner Grant

First home buyers in regional Queensland who qualify for the FHOG and are buying a newly constructed property are eligible for an additional payment of $4,000 on top of the $7,000 FHOG. Building must commence between 1 June 2010 and 30 June 2011, to be eligible.

First home buyers in the following council areas are not eligible for the additional grant: Brisbane City Council, Gold Coast City Council, Ipswich City Council, Lockyer Valley Regional Council, Logan City Council, Moreton Bay Regional Council, Redland City Council, Scenic Rim Regional Council, Somerset Regional Council and Sunshine Coast Regional Council.

Find Out if You are Eligible for First Home Buyer Grants in Queensland

To find out if you are eligible for first home buyer grants in Queensland, including the First Home Owners’ Grant, fill in the form below to talk to your local mortgage broker, or call us anytime on 13 LOAN (+61 2 9249 3739 direct).

Queensland Office of State Revenue

The Queensland Office of State Revenue (OSR) administers all first home buyer grants and concessions for Queensland buyers. You can contact the QLD OSR on (07) 3227 8733 or visit their website at www.osr.qld.gov.au