Financial Assistance for First Time Home Buyers In QLD [2026 Guide]

In this guide, we have compiled the full list of financial assistance programs on offer if you are a buying or building your first home in the state of Queensland.

The programs are designed to save you money and get you into your first home sooner.

In 2026 in QLD, we have eight different financial assistance programs on offer from the Queensland State Government and the Federal Government.

Each of these is covered below in more detail with links for further reading.

1. First Home Owners Grant QLD

2. First Home Concession QLD

3. First Home  Vacant Land Concession QLD

4. First Home Guarantee

5. Family Home Guarantee

6. Regional First Home Guarantee

7. First Home Super Saver Scheme

8. Boost To Buy Scheme QLD– open late 2025

Yes, many clients are eligible for more than one grant, concession or rebate as a first time buyer or builder in QLD.

As mortgage brokers we guide you in qualifying for multiple programs while also facilitating the approval of your home loan or construction loan as both are closely interlinked.

There are multiple different eligibility criteria and it can be a little confusing to get your head around all of it.

As a basic starting point, it’s helpful to know that what you are eligible for will be different depending on whether you are:

• building a home

• Buying a brand new/off the plan home

• Buying an established home (that’s been lived in before)

• Buying vacant land only.

There may also be criteria around:

• How much you spend on a property

• Deposit saved

• Income cap

• Suburbs you purchase in

• Australian citizenship / permanent residency

To simplify it, we have found that most of our first time buyer clients who are spending under $800,000 on their home, get one, two or three programs.

If a client’s goal is to fit within the eligibility criteria, I guide them towards each programs’ specific requirements and apply for their home loan as these are done simultaneously.

This is a $30,000 Grant towards the building of a new home in Queensland which can be used as a part of your deposit (on the build, not the land).

You can spend up to $750,000 on your home to be eligible.

When you buy a home you need to pay what is commonly known as transfer (stamp) duty which is a form of tax.

As a first time buyer in Queensland, you can be eligible for a concession or reduction in what you pay.

The key criteria is you need to spend under $800,000 on an established home / brand new home or off the plan home.

You can be eligible for a concession of up to $17,350.

This saving can be used as a part of your deposit instead which can get you into your home sooner.

For those of you buying vacant land in Queensland, you may be eligible for the First Home Vacant Land Concession.

There is no price cap on what you can spend to get the full wavier on transfer duty.

This saving can be used as a part of your deposit instead.

The Federal Government  allows eligible first home buyers to buy or build their first home with as little as a 5% deposit.

You can spend up to $1,000,000 on a home if you’re buying in Brisbane, Gold Coast, Sunshine Coast and Beaudesert.

The benefit to you, is that you are not paying Lenders Mortgage Insurance which is a substantial extra cost of buying a property in Australia.

This can save you up to a maximum of $46,110 in Lenders Mortgage Insurance that you don’t need to pay.

This is for single parents who need assistance getting into or back into their own home.

• Minimum deposit of only 2% required

• First home owner or a previous home owner

• Single parent or legal guardian of at least one dependent aged under 18

• Spend up to $1,000,000 when buying in Brisbane, Gold Coast, Sunshine and Beaudesert. In all other areas in QLD spend up to $700,000.

The Regional First Home Guarantee is an Australian Government initiative to support eligible regional home buyers to buy a home sooner with as little as a 5% deposit.

Regional areas are considered those outside of Greater Brisbane, Gold Coast, Sunshine Coast and Beaudessert where you can spend up to $700,000 on a home.

The benefit to you, is that you are not paying Lenders Mortgage Insurance which is a substantial extra cost of buying a property in Australia.

This can save you up to a maximum of $32,277 in Lenders Mortgage Insurance that you don’t need to pay.

The first home super saver (FHSS) scheme allows you to make personal voluntary contributions into your super fund to help you save for your first home.

Concessional contributions are taxed at only 15%, which is usually less than your marginal income tax rate. Assessable FHSS amounts also benefit from a 30% FHSS tax offset.

You can withdraw up to $15,000 of your voluntary contributions from any one financial year, up to a total of $50,000 across multiple years, plus associated earnings.

Applications are expected to open later in 2025 in QLD.

This is a federal government program, run by each state or territory, where you can buy a property with as little as a 2% deposit of the purchase price.

The Federal Government will provide an equity contribution to eligible Australians to buy their home of up to:

• 30% for new homes

• 25% for existing homes.

Boost to Buy will be open to single purchasers with an income of up to $150,000 and households with two adults earning up to $225,000.

The benefits to you are:

• Buy with as little as a 2% deposit, so you can enter the market sooner

• You don’t have to pay lenders mortgage insurance even though you have less than a 20% deposit of the purchase price

• The Government will not charge any fees or interest in their equity contribution

• Have smaller mortgage repayments as the government is contributing equity.

It is expected that you would repay the Government equity through your mortgage repayments over time or when the property is sold.

You don’t need to ‘’pay rent’’ on the government held equity in the property.