First Home Buyer Guide: Queensland
Queensland offers the most generous first home owner grant in Australia - $30,000 for new homes!
$30,000
FHOG (Highest!)
$17,350
Max Duty Saving
$700K
Duty-Free Threshold
$750K
FHOG Cap
💰 Australia's Biggest FHOG!
Queensland's $30,000 First Home Owner Grant is the highest in Australia. Combined with transfer duty concessions, you could save over $47,000 on your first home!
$30,000
FHOG (new homes)
$17,350
Duty exemption
$47,350
Total potential saving
Available Schemes & Grants
Queensland First Home Owner Grant
$30,000 grant for new homes - highest in Australia!
$30,000 cash grant
- ✓ New home value up to $750,000
- ✓ Australian citizen/PR
- ✓ Never owned property in Australia
- ✓ Live in property 12+ months
First Home Concession
Full transfer duty exemption for eligible buyers
Up to $17,350 saving
- ✓ Home value up to $700,000 (full exemption)
- ✓ $700,001-$800,000 (partial)
- ✓ Can be new or existing home
- ✓ Must be principal residence
First Home Vacant Land Concession
Duty concession for buying land to build on
Up to $7,175 saving
- ✓ Land value up to $350,000 (full exemption)
- ✓ $350,001-$500,000 (partial)
- ✓ Must build within 2 years
First Home Guarantee (Federal)
Buy with 5% deposit, no LMI required
Save $10,000-30,000 on LMI
- ✓ Income under $125,000 (single) / $200,000 (couple)
- ✓ Property up to $700,000 (Brisbane)
- ✓ Owner-occupier only
Transfer Duty Savings Examples
| Purchase Price | Standard Duty | FHB Duty | You Save |
|---|---|---|---|
| $500,000 | $8,750 | $0 | $8,750 |
| $600,000 | $12,850 | $0 | $12,850 |
| $700,000 | $17,350 | $0 | $17,350 |
| $750,000 | $19,600 | $9,800 | $9,800 |
| $800,000 | $21,850 | $21,850 | - |
Property Price Caps by Region
Brisbane
First Home Guarantee: $700,000
Gold Coast / Sunshine Coast
First Home Guarantee: $700,000
Regional Queensland
First Home Guarantee: $550,000