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2017 Changes to First Home Owners Grant

Changes coming on 1 July 2017

The First Home Owners Grant will revert back to $15,000 for the purchase of new or construction of a property.

Is there a first home buyers grant?

Yes, the Queensland First Home Owners' Grant offers $20,000 (until midnight 30 June 2017) to first-time owners buying or building a new home. The grant is available for properties valued at less than $750,000. For contracts entered into on or after 1 July 2017, this amount will decrease to $15,000.  For contracts entered into on or after 1 July 2017, this amount will decrease to $15,000.

Are transfer duty concessions available?

Yes, stamp duty concessions are available if you buy a home valued less than $550,000 or vacant land less than $400,000. The more you pay for your home or land within these limits, the smaller the concession available.

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