The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner.
If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.
The grant amount has varied since it was first introduced in 2000. Contracts dated earlier than 1 July 2018 may still be eligible for a grant.
You can buy off the plan or choose to build yourself.
To be eligible for the grant:
– You must be at least 18 years of age.
– You must be an Australian citizen or permanent resident (or applying with someone who is).
– You or your spouse must not have previously owned property in Australia that you lived in.
– You must be buying or building a brand new home.
– The value of the new home including the land is less than $750,000.
– You must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.