Government Grants

Support to buy home and land.

$30,000*

QLD FIRST HOME OWNERS GRANT

First Home Owner Grant

The Queensland government has announced changes to the first home owner grant. The changes will apply to eligible transactions between 20 November 2023 and 30 June 2025.

First home owners are expected to be able to apply for the increased grant from the first week of January 2024.

The improved incentive includes doubling the First Home Owner Grant, taking the total to $30,000 for eligible first home purchases.

Concessions For Homes

When you buy or acquire a residence or vacant land on which you intend to build your first home, you may be able to claim a concession that reduces the amount of transfer duty you have to pay. learn about the different concessions and find out how to apply.

Government Grants

Support to buy a home.

The Australian Government’s Home Guarantee Scheme supports eligible home buyers to buy a home sooner.

 

The Home Guarantee Scheme (HGS)

The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner. The Scheme is administered by the Housing Australia on behalf of the Australian Government.

The Scheme includes three types of Guarantees:  

  • First Home Guarantee (FHBG) – supporting eligible home buyers to buy a home sooner, with a deposit as little as 5%. For FY2023-24, 35,000 places are available.
  • Regional First Home Buyer Guarantee (RFHBG) – supporting eligible regional home buyers to buy a home sooner, in a regional area, with a deposit as little as 5%. For FY2023-24, 10,000 places are available.
  • Family Home Guarantee (FHG) – supporting eligible single parents and eligible single legal guardians of at least one dependent to buy a home sooner, with a deposit as little as 2%. For FY2023-24, 5,000 places are available.

The New Home Guarantee (NHG) is no longer available. A NHG place reserved on, or before 30 June 2022, will still be able to progress to settlement, subject to meeting eligibility criteria and NHG requirements and timelines. 

 

How the HGS works

Housing Australia works with Participating Lenders to facilitate loans to eligible home buyers who meet income eligibility thresholds and other eligibility criteria and don’t have the 20% deposit typically required for a home loan.

Eligible home buyers can apply for a loan through a Participating Lender who has been authorised by Housing Australia to participate in the HGS. 

Housing Australia provides a Guarantee to the Participating Lender of up to 15% of the value of a home loan under the First Home Guarantee or the Regional First Home Buyer Guarantee; and up to 18% under the Family Home Guarantee. This enables the home buyer to buy a home without paying Lenders Mortgage Insurance. The Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.

Housing Australia has authorised a panel of 33 Participating Lenders to offer the HGS.  

Regional First Home Buyer Guarantee

The Regional First Home Buyer Guarantee (RFHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible first home buyers purchase a home sooner. It is administered by Housing Australia on behalf of the Australian Government.  

The RFHBG aims to support eligible regional first home buyers to purchase a home in a regional area. From 1 July 2023 – 30 June 2024, 10,000 RFHBG places are available. 

Under the RFHBG, part of an eligible regional first home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance. 

For the RFHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.

First Home Guarantee

The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible first home buyers purchase a home sooner. It is administered by Housing Australia on behalf of the Australian Government. 

Under the FHBG, part of an eligible first home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance. 

For the FHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.

From 1 July 2023 – 30 June 2024, 35,000 FHBG places are available. 

Family Home Guarantee

The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible single legal guardians of at least one dependent to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government. 

The FHG aims to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home, whether that single parent or single legal guardian is a first home buyer or a previous home owner. From 1 July 2023 – 30 June 2024, 5,000 FHG places are available.

Under the FHG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 2% deposit without paying Lenders Mortgage Insurance. 

For the FHG, any Guarantee of a home loan is for up to a maximum amount of 18% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. 

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