FIRST HOME OWNER INITIATIVES
UNLOCK YOUR FIRST HOME SOONER IN QLD
The Queensland Government has historically led the way in its assistance measures to help first home owners get their new first home sooner.
The current First Home Owners Grant (FHOG) doubled to $30,000 – effective from 20 November 2023.
Current assistance measures include:
Stamp Duty Exemptions
Stamp Duty Concessions
FHBG Loan
(NO LMI)
You can now buy your first home with as little as a 2% deposit if you are a single parent, or a 5% deposit for other eligible buyers. Queensland have generous price caps in some suburbs.
Queensland FHOG
The QLD FHOG is now $30,000 for eligible first home buyers looking to buy a brand new house, townhouse or apartment (valued up to $750,000)
HOW CAN FHBA HELP ME SECURE MY FIRST HOME?
Finance
Our friendly Coaches explain all the steps, determine your borrowing capacity, offer suitable loan options, compile your loan application paperwork and even assist you with applications for the FHOG and Stamp Duty concessions
Research
Not sure where to buy or what type of property to buy? Our partnered property experts can assist you research your options via a tailored approach that takes into consideration your circumstances & goals so you can make an informed decision
Search
With the foundations in place, this step involves attending open homes while your FHBA Coach can assist with negotiations for established homes, or if you are looking for a new home we can assist with your search!
Settle
Our independent legal partners can assist you with all your contract review needs and ensure you settle on your first home; while your FHBA Coach can assist you with planning your move and organising protection for your first home
FIRST HOME LOAN PRE-APPROVAL
Before you start looking at open homes online and on your weekends, it is a good idea to start planning your first home purchase. An FHBA Coach (who are also qualified Mortgage Brokers) can assist you by helping you work out your budget and borrowing capacity as well as help you secure a home loan pre-approval. A pre-approval outlines how much a bank or lender is willing to lend to you for your first home purchase.
Your FHBA Coach has access to market leading technology, allowing them to help you compare a range of lending options suitable for you, from Australia’s biggest banks through to smaller specialised lending institutions, to help you find you a great home loan deal. Your FHBA Coach can also assist with low deposit home loans (e.g. 5% deposit), parental assistance loans (if your parents are in a position to assist you) and can also help you determine your eligibility (as well as assist you apply) for government initiatives such as the First Home Owners Grant (FHOG) and stamp duty concessions.
Did you know that if you are currently renting you may be eligible to purchase a brand new home with no/minimal deposit, as you can use the $30,000 FHOG towards the deposit of your first home? Enquire below!
If you are thinking of buying in the next 6 months, or just have some questions, we get in touch for a complimentary Discovery Session (which includes a no-charge and no-obligation to proceed assessment of your finances) with an FHBA Coach.
Self-estimate if you have enough using our FHBA Eligibility Estimator:
Details
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ESTABLISHED HOME?
With Stamp Duty concessions/exemption?
These two specialist first home buyer services will help you get on the front foot when you are ready to buy your first home:
PROPERTY REPORTS
A unique service for those first home buyers who are not sure where to buy, what type of property to buy and are looking for some expert reports enabling them to bid on a property with confidence.
GUIDANCE AT EVERY STEP
We will not only help you obtain your first home loan pre-approval or pre-qualification, but we go the extra mile to help you. We will ensure all aspects of your first home buying journey go smoothly!
FHOG ELIGIBLE NEW HOME?
And one that is eligible for the FHBA 50 Rebate?
FHBA New Homes is a unique and 100% complimentary service to all QLD first home buyers; regardless of whether you are looking for a brand new house & land, townhouse or apartment. And whether that be an off-the-plan, under construction or completed new property!
You will have the opportunity to meet a new home expert who can help you compare a range of property options that are eligible for the QLD FHOG of $30,000 and stamp duty exemption (or concessions). There is no obligation to proceed with any of the property options.
And to help you even further we offer a cash rebate to eligible first home buyers called the FHBA 50 Rebate. This puts money back in your pockets when you need it most – ask your FHBA Coach for details.
FEATURED PROPERTIES
These properties are eligible for the FHOG + the FHBA 50 Rebate
Get started now
Are you interested in one of the loans mentioned above? Or would you like more information on the home loans that are available to you? Simply complete the form below and a first home buyer expert (Broker/Coach) will be in touch with you: