The Queensland first home owners’ grant provides first-time home buyers an extra bit of help to get into the market sooner.
If eligible, you’ll get $30,000 towards buying or building your new home. The Queensland grant covers new houses, units and townhouses—you can even buy off the plan or choose to build yourself.
Do You Qualify?
To apply for the First Home Buyers Grant, home buyers must be:
- You (and any co-applicants for the grant) are a natural person (an individual) aged 18 years or older.
- You or your spouse must not have owned residential property in Australia:
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- If you are applying for the grant as a joint applicant—for example, you are not a permanent resident but your spouse is an Australian citizen—you may be eligible for the grant if you meet the other eligibility requirements.
- The grant is not available to purchase investment properties*.
- You must move into your brand new home as your principal place of residence within 1 year of the completed transaction, and live there continuously for 6 months.
- You must be buying or building a new home valued less than $750,000 (including land and any contract variations).
- House, unit, duplex or townhouse; or a granny flat built on a relative’s land*
Even if you meet the eligibility criteria, there are some circumstances that may stop you from getting the grant. For example:
- You enter into an arrangement to circumvent limitations on, or requirements affecting, eligibility or entitlement to the grant
- You enter into an arrangement with the sole purpose of obtaining the grant, rather than acquiring a home
- You buy or build your new home with financial help from a related person (who is not eligible for the grant) who will also stay in the home often or for long periods of time, and the Commissioner is not satisfied there are genuine family reasons for the related person to occupy the home. (Money borrowed from a bank or lending institution is not considered to be financial help.)
- If there is a disqualifying arrangement, we will not pay the grant. If the grant has already been paid, you will have to repay it.
You must be buying or building a new home valued less than $750,000 (including land and any contract variations).
- must not have been lived in or sold as a place of residence at the time of completion
- could be a
- must be one of the following eligible transactions
A new home is a brand new dwelling that has not been previously occupied as a place of residence or sold as a place of residence.
The grant may be available for homes that have been moved from one site to another, as long as the home has not been occupied since being fixed to the new site (including kit homes, manufactured homes).
When To Apply
You must apply and provide supporting documents for the grant within the following timeframes:
- Buying your home—you must apply within 1 year of taking possession of the new home and your title being registered.
- Contract to build—you must apply within 1 year of the new home being completed; for instance, the final inspection certificate being issued.
- Owner–builder—you must apply within 1 year of the new home being completed; for instance, the final inspection certificate being issued.
In special cases, these periods may be extended. If you’re applying outside the application period, you must include a written statement explaining your circumstances.
How To Apply
There are 2 ways to submit an application:
- through an approved agent (i.e. bank or lending institution)
- to Queensland Revenue Office.
Ask your Bank or Broker For More Information
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Eligible Home and Land Packages
The information provided in this article is for general informational purposes only and should not be considered as financial advice. The author(s) and the publisher of this article are not licensed financial advisors or registered investment advisors, and the content should not be interpreted as personalised financial advice.
The content of this article is based on the author(s)’ opinions and research at the time of writing and is subject to change without notice. It may not reflect the most current financial developments or investment strategies. You should not rely solely on the information provided in this article for making financial decisions.