This grant was due to be reduced to $15,000 from 1 July 2017 but the full $20,000 has now been extended to 31 December 2017 in a boost for first timers announced with this month’s State Budget.
Do conditions apply? Of course.
To be eligible for the grant:
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spouse must not have previously owned property in Australia.
- You must be at least 18 years of age.
- You must be buying or building a brand new home, valued under $750,000.
You can test your eligibility on the Queensland First Home Owner Grant website.
The grant applies to buying or building a new house, unit or townhouse, including properties you build yourself or buy off the plan. Your contract to purchase or build must be signed between 1 July 2016 and 31 December 2017.
The $20,000 doesn’t apply to contracts that replace previous contracts entered into before 1 July 2016. But you might still be eligible for the $15,000 grant so it’s worth checking your eligibility to be sure.
Ready to buy your first home? View our current listings for sale.
