Home Owner Grant Highlight

The First Home Owner Grant: Boosting Your Property Buying Power

Queensland First Home Owner Grant house keys and money

For many Australians, the First Home Owner Grant (FHOG) offers a financial head start when purchasing or building a new home. In Queensland, the FHOG can provide up to $30,000 toward the cost of a qualifying property, significantly reducing the out-of-pocket burden for first-time buyers.

Here's how it works—and how a real property scenario plays out with this grant applied.

What Is the First Home Owner Grant (FHOG)?

The FHOG is a government incentive for first-time buyers purchasing or building a new residential property. In Queensland as of 2025, eligible buyers can receive:

Up to $30,000 for a new home
Property must be valued under $750,000
You must move in within 12 months and stay for at least 6 months
Available to Australian citizens or permanent residents aged 18+

This grant does not have to be repaid and can be used alongside other concessions like stamp duty reductions.

Real-World Example

Property Details:

Purchase Price: $645,000
Location: Growth corridor suburb (eligible for new builds)
Deposit Saved: $35,000
Stamp Duty (without concession): ~$15,925
Stamp Duty (after first home buyer concession): $0
Loan Required: $610,000

Without FHOG:

You would need $35,000 for the deposit.
Total purchase costs (deposit + stamp duty) = $50,925

With FHOG:

Receive $30,000 directly from the government.
Total upfront cash required reduces to $20,925 (depending on lender deposit requirements).
Stamp duty is waived due to the first home buyer concession.

Impact:

The grant and concession together reduce upfront costs by over $30,000.
You may now qualify to buy a property months—or even years—sooner than expected.

What You Need to Apply

Completed FHOG application
Signed contract of sale
Proof of identity and residency
Details of the property and loan

Applications are made through your lender or directly via the Queensland Revenue Office.

Final Thoughts

The FHOG can dramatically improve the affordability of your first home. If you're targeting a new build under $750,000, it's worth exploring how the grant and stamp duty concessions can work in your favor.

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