On 24th June 2025, in the 2025/26 State Budget, the Queensland State Government has announced a raft of measures that will assist QLD first home buyers buy their first homes far sooner. The Queensland Government already had some of the most generous incentives for first home buyers, they have now designed new measures and extended existing assistance programs.
Premier David Crisafulli announced the following 3 key measures for first home buyers:
1. Extension of the QLD FHOG
The First Home Owners Grant (FHOG) of $30,000 has been extended for another 12 months to 30 June 2026. The FHOG is already one of the country’s largest Grants for first home buyers looking to buy or build a brand-new home.
To be eligible, the build contract or new home contract must be signed between 20 November 2023 and 30 June 2026, and for owner-builders, the slab/foundation must be laid between these dates.
The total value of the home and land must be less than $750,000. This amount has not been changed for several years now.
2. Continuation of the Stamp Duty Concessions
QLD first home buyers will continue to receive the following Stamp Duty discounts announced over the past 12 months:
Stamp duty exemption on homes:
Full stamp duty exemption on homes valued under $700,000 – both new and established homes
Stamp duty concession on homes:
Concessional (discounted) rates on homes valued between $700,000 – $800,000. Full stamp duty applies beyond $800,000.
Vacant land exemption:
First home buyers looking to buy a vacant land to build their first home on will receive a full stamp duty exemption regardless of the value of the block of land. Note: This applies to land contracts signed after 01 May 2025.
Get more details on the previous announcement here
3. Boost to buy Scheme
The QLD Government has announced a nation-leading shared home ownership scheme to help those first home buyers struggling to save the minimum 5% deposit required under the Federal Government’s FHBG Scheme.
For successful applicants, Boost to Buy will offer an equity contribution of:
- Up to 30% for new homes
- Up to 25% for existing homes
To be eligible, first home buyers will need a minimum 2% available for the purchase price of the property valued up to $1 million.
Boost to Buy will be open to single purchasers with an income of up to $150,000 and couples with two adults earning up to $225,000.
Other eligibility requirements will apply for the scheme once it opens for applications.
Applications for Boost to Buy are expected to open later in 2025, with information on which lenders will be providing access to the scheme.
Stay tuned to FHBA for more details
