Become a homeowner!
We want to help YOU achieve the great Australian dream of owning your first home.
As a first-time buyer, it is important that you are ready to make your decision, are educated and supported with the right tools. At Queensland Property Group, we can assist with all 3 to ensure your first purchase is one to remember and that will positively assist you in developing your property portfolio.
As a first-time homeowner, we want you to focus on the important things. For some, understanding where you stand as a future homeowner and what you might be eligible for can be confusing. To assist, we have gathered some Frequently Asked Questions about the current initiatives available to first home buyers including: the new Family Home Guarantee, First Home Loan Deposit Scheme and the Queensland First Home Owners’ Grant.
Family Home Guarantee
Supports 10,000 Australians
Assists with parents low deposits
Own your family home
1. What is the Family Home Guarantee?
The Family Home Guarantee is an Australian Government initiative will support eligible single parents with dependants to purchase a family home.
2. How can the Family Guarantee help you?
The Family Home Guarantee can assist single parents to buy their family home with a deposit as little as 2%, regardless if they are a first-time buyer or previous owner-occupier.
3. What will it become available?
The Family Home Guarantee will become available from 1 July 2021.
4. How many spots are available?
Similar to the First Home Loan Deposit Scheme, there will be 10,000 spots made available in the Family Home Guarantee each financial year for the next four financial years.
5. Can the Family Home Guarantee be used on any home?
All house types, including but not limited to: houses, apartments, home and land packages, and off-the-plan constructions, are eligible.
First Home Loan Deposit Scheme
Applications are open
Supports 10,000 Australian first home buyers
Works in conjunction with other government programs including FHOG
Own your first home with a 5% deposit!
1. What is the First Home Loan Deposit Scheme?
The First Home Loan Deposit Scheme provides a guarantee that will allow first home buyers purchase their first home with a deposit as little as 5% without needing to pay Lender’s Mortgage Insurance (LMI).
2. How can the First Home Loan Deposit Scheme help you?
By using the First Home Loan Deposit Scheme, you only need as little as 5% for the deposit of your home. This eliminates the stress and time for saving for a larger deposit and will assist you into getting into your first home sooner.
3. Where is this available?
The First Home Loan Deposit Scheme is available across Australia. However, each State and its Capital Cities, large regional centres and regional areas have a different property price threshold.
4. How do I know if I am eligible for the First Home Loan Deposit Scheme?
To find out if you are eligible for the First Home Loan Deposit Scheme, register your interest below and a Property Consultant will be in contact with you shortly.
5. Can I use other Government Initiatives if I use the First Home Loan Deposit Scheme?
The First Home Loan Deposit Scheme works in conjunction with other Government Initiatives, including the First Home Owners’ Grant.
First Home Owners’ Grant
Grant amounts vary between States and Territory
Valued at $15,000
Get your foot in the property market
Your first home is your first investment home
1. What is the QLD First Home Owners’ Grant?
The First Home Owners’ Grant (FHOG) is a helping hand from the QLD Government to assist first home buyers towards buying or building their new home.
2. What is the amount?
If your contract date is 1 July 2018 or later in Queensland, the First Home Owners’ Grant is $15,000. The First Home Owners’ Grant amounts vary depending on the State or Territory you are purchasing the home in.
3. Can I use the First Home Owners’ Grant on my first home if I’m not going to live in it?
The home must be your principal place of residency for at least 6 months and is not valid for an investment properties.
4. Can the First Home Owners’ Grant be used on any home?
You will only receive the First Home Owners’ Grant if you are buying or building a brand new home, unit or townhouse.
5. How do I know if I am eligible for the First Home Owners’ Grant?
To find out your eligibility for the First Home Owners’ Grant, register your interest below and a Property Consultant will be in contact with you shortly.