Compare government help for home buyers
The Queensland Government and the Australian Government both have help for home buyers.
If you're buying a home to live in, see which options could be right for you.
| Program or scheme | Type of buyer | Type of home | Benefit | Limits |
|---|---|---|---|---|
Queensland Government | First home buyers | New home (buy or build) | $15,000 or $30,000 towards buying or building a new home as your first home Can be used with other home buyer help | Maximum home and land price: $749,999 |
Queensland Government | All home buyers | New home (buy or build) Existing home | Pay less transfer duty (stamp duty) when you buy a home Save up to $7,175 Can be used with other home buyer help | Maximum concession: $7,175 |
Queensland Government | First home buyers | Existing home | Pay less transfer duty (stamp duty) when you buy an existing home as your first home Save up to $24,525 Can be used with other help for home buyers | Maximum home price: $799,999 |
First home (new home) concession Queensland Government | First home buyers | New home (buy or build) Substantially renovated home | Pay no transfer duty (stamp duty) when you buy a new or substantially renovated home as your first home No limit on home value Can be used with other help for home buyers | |
First home vacant land concession Queensland Government | First home buyers | Vacant land only | Pay no transfer duty (stamp duty) when you buy vacant residential land to build your first home Can be used with other help for home buyers | Any part of the land not used as residential land may be subject to transfer duty |
Queensland Government | First home buyers Places reserved for regional Queenslanders | New home (buy or build) Previously owned home | A low-deposit loan with lower repayments The government buys a share of your home, reducing the costs for you Buy with a deposit starting at 2% | Places are limited You must qualify for the loan You must borrow from a specific lender Maximum home price: $1 million Conditions apply for as long as you own the home |
Queensland Housing Finance Loan Queensland Government | All home buyers Expanded eligibility for regional Queenslanders | New home (buy or build) Existing home | A low-deposit loan from the Queensland Government Buy with a deposit starting at 2% | You must qualify for the loan Maximum income limit: depends on location You may need a higher deposit than 2% |
Buying your public housing home Queensland Government | Current public housing tenants | The public housing home you currently live in | Stay in your current home if your situation changes and you can afford to buy Some help to buy may be available | The home may not be for sale You must pay market value for the home |
Australian Government | First home buyers | New home (buy or build) Existing home | Save up to $50,000 for your first home by making extra superannuation contributions Lower tax helps you save faster Can be used with other home buyer help | Strict process must be followed Maximum super withdrawal: $50,000 |
Australian Government | All home buyers | New home (buy or build) Existing home | Buy with a minimum 2% deposit. The government buys a share of your home, reducing the cost for you. | Maximum home price, depends on location You must qualify for the loan Limited to specific lenders Conditions apply for as long as you own the home |
Australian Government | First home buyers Expanded eligibility for single parents or legal guardians | New home (buy or build) Existing home | Buy with 5% deposit, or with 2% deposit for single parents or legal guardians. | Maximum home price: depends on location You must qualify for the loan Limited to specific lenders |
Information and advice for home buyers
- Advice on buying a home—the options, process and costs when you buy a home in Queensland.
- The Australian Government has guides to: