Taking that first step into Brisbane’s property market? We get it—it’s exciting and nerve-wracking all at once. Between government grants, stamp duty concessions, and endless loan options, it can feel like you’re drowning in information before you’ve even started house hunting.
Here’s the good news: if you’re a first home buyer in Queensland right now, you’re in a pretty sweet spot. The government incentives are generous, and with the right guidance, your path to home ownership can be much smoother than you think.
At Grow Well Financial, we’ve helped hundreds of Brisbane families just like yours navigate this journey. Let’s break down everything you need to know—in plain English, without the jargon.
The Big One:
Queensland’s $30,000 First Home Owner Grant
Let’s start with the headline act. The Queensland Government is currently offering $30,000 (until 30th of June 2026) to eligible first home buyers. That’s not pocket change—it could be the difference between struggling to save a deposit and finally getting the keys to your own place.
Who can claim it?
- You’re 18 or over
- You’re an Australian citizen or permanent resident
- Neither you nor your partner have previously owned residential property in Australia
- The home is brand new, off-the-plan, or substantially renovated
- The property value is under $750,000
- You’ll move in within 12 months and live there for at least 6 continuous months
This applies across Brisbane but also the state — from Gold Coast to Cairns, and everywhere in between.
Pro tip: Most lenders will let you use this grant as part of your deposit. We’ll help you find a lender that supports the grant and structure your loan accordingly.
Stamp Duty Savings That Actually Matter
On top of the grant, you might also qualify for stamp duty concessions that could save you thousands of dollars.
How it works:
- Full exemption for homes under $700,000
- Discounted duty for homes between $700,000 and $80,000
- Vacant land concession for land any value (if you plan to build in next 2 years)
Example: Buy a $700,000 home and you could save up to $17,350. That’s money you can put towards furniture, fees, or a much-needed buffer.
New in 2025: The Boost to Buy Scheme
Struggling to save a big deposit while renting in Brisbane? You’re not alone—which is why the Queensland Government has introduced Boost to Buy.
How it works:
- The government contributes up to 30% equity for new homes, or 25% for existing homes
- Property value up to $950,000
- Deposit as low as 2% (plus costs)
- Income caps: $150,000 (singles), $225,000 (couples)
- Only 1,000 spots across Queensland
We can help you check your eligibility and apply—it’s one of the fastest ways to get into your first home in 2025.
What Else You’ll Need to Budget For
Home ownership isn’t just about the deposit—there are a few extra costs you’ll need to plan for:
- Legal and conveyancing fees
- Building and pest inspections
- Loan setup costs
- Council and strata fees
- Home insurance
- Moving costs
- Lenders Mortgage Insurance (LMI), unless exempt
We break down your complete home buying budget during our First Home Buyer Strategy Session so there are no hidden surprises.
Why Work with a Local Brisbane Mortgage Broker?
Getting the right loan isn’t just about interest rates—it’s about having someone who understands you, the Brisbane market, and your goals.
Here’s how we help:
- We explain your options in plain English
- We guide you through applications and paperwork
- We compare over 30+ lenders to find the right match
- We’re based in Brisbane and understand local opportunities
- We support you from pre-approval to settlement—and beyond
Whether you’re buying in Everton Park, Redbank Plains or inner-city Woolloongabba, we’re here to help you grow into home ownership.
Learn more about our mortgage services
Common First Home Buyer Mistakes (And How to Avoid Them)
Here are the missteps we help our clients steer clear of:
- Thinking the FHOG applies to any home – it must be new or substantially renovated
- Starting house hunting without a pre-approval
- Underestimating total upfront costs
- Choosing lenders that don’t support government schemes
Avoiding these early on saves time, money, and a whole lot of stress.
Can I use the $30,000 grant as a deposit?
Yes, many lenders will accept the grant as part of your deposit if you meet the lending criteria. We’ll help structure the loan.
Can I get both the grant and the stamp duty concession?
Yes—if eligible, you can receive both benefits.
Can I build and still get the grant?
Yes, the grant applies to new builds on vacant land as well.
What if I don’t meet the occupancy rules?
You may be required to repay the grant. We’ll ensure you understand all obligations beforehand.
Ready to Take the Next Step?
Buying your first home in Brisbane doesn’t have to be overwhelming. With the right support, it can be the beginning of something incredible.
At Grow Well Financial, we’re more than just mortgage brokers—we’re your strategic partner in making smart, confident decisions.
