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First Home Buyer

Are you ready to make the switch?

Queensland Property Group focuses on assisting Australian’s purchase their first home.

Getting started on your home ownership journey is easier than you think! We will discuss your wants, desires and needs of a home so we can assist how we can help you achieve your dream of becoming a homeowner.

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Government Initiatives

A common misconception many first home owners have when purchasing their first home relates to the deposit required. The Australian Federal Government and each State’s Government have developed Government Initiatives and schemes to help first home owners with their deposit and get into their new home sooner.

Three current Government Initiatives that can assist first home owners are the HomeBuild Scheme, First Home Loan Deposit Scheme and the First Home Owners’ Grant.

Homebuilder Initiative

The HomeBuilder Government Initiative was introduced by the Australian Federal Government to assist with the residential construction market, by encouraging new home builds and renovations this year.

Works in conjunction to other Government Initiatives
The Initiative is $25,000
Uncapped Initiative
Time-limited Initiative
1. What is the HomeBuilder Government Initiative? 

The HomeBuilder Government Initiative is a time-limited, tax free scheme to help residential construction market to get through the Coronavirus (COVID-19) pandemic.

2. What is the amount?

The HomeBuilder program offers owner-occupiers a $25,000 grant that can be used to build either a new home or substantially renovate an existing home.

3. Can I use the HomeBuilder Government Initiative on my first home if I’m not going to live in it?

The home must be your principal place of residency and is not valid for an investment properties.

4. Can the HomeBuilder Government Initiative be used on any home?

All types of dwelling, including but not limited to: houses, apartments, home and land packages, and off-the-plan constructions, are eligible under the HomeBuilder program. However, it must be in accordance with the requirement that the owner-occupier must contract to build a new dwelling or substantially renovate their existing dwelling.

5. How do I know if I am eligible for the HomeBuilder Government Initiative? 

To find out your eligibility for the HomeBuilder program, register your interest below and a Property Consultant will be in contact with you shortly.

First Home Loan Deposit Scheme

The Australian Federal Government’s initiative to helping Australians into their first home sooner is the First Home Loan Deposit Scheme.

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Applications are now open
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Supports 10,000 Australian first home buyers
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Works in conjunction with other government programs including FHOG
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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

The Queensland Government’s Initiative to helping Australians into their first home sooner is the First Home Owners’ Grant (FHOG).

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Grant amounts vary between state and territory
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Queensland FHOG is $15,000
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Get your foot in the property market
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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.

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