Buying your first home in Queensland is an exciting milestone, and with the right grants and incentives, it’s now easier than ever to take that first step onto the property ladder.With up to $39,525 in benefits available for first home buyers (FHBs), now is the perfect time to explore your options.
In addition to federal schemes, Queensland offers several state-based incentives that can reduce taxes and assist with building your deposit. Let’s explore the grants and incentives available to Queensland FHBs, including options at Sage in Burpengary, Flourish in South Maclean, and Greville in Wooloowin.
First Home Owners’ Grant
The First Home Owners’ Grant (FHOG) provides up to $30,000 towards buying or building a new home in Queensland on contracts signed before 30 June 2026. The home must be valued under $750,000, and it needs to be your primary residence. This grant can be used as part of your deposit, potentially helping you fast-track your purchase.
For FHBs looking for options under this grant, Sage and Flourish offers a range of house and land packages that fall within the grant’s eligibility criteria.
For more information about the First Home Owners’ Grant, visit: First home owner grant - Queensland Revenue Office
First Home (New Home) Concession or First Home Vacant Land Concession
The First Home Concession, also known as the First Home (New Home) Concession, applies to first home buyers purchasing a brand new home. There is no value cap on the home and you could save up to $30,450 in transfer (stamp) duty. This concession is particularly beneficial for buyers considering an off the plan purchase at Greville.
If you're buying vacant land to build your first home, through a House and Land Package the First Home Vacant Land Concession may also apply, offering savings of up to $10,675 on land valued up to $500,000.
For further details on concessions available, visit: Concessions for homes - Queensland Revenue Office
First Home Guarantee
With the First Home Guarantee (FHBG), eligible buyers can secure a home loan with as little as 5% deposit without having to pay costly Lenders Mortgage Insurance (LMI). Instead, part of your home loan is guaranteed by the National Housing Finance and Investment Corporation (NHFIC), on behalf of the Federal Government.
This scheme is ideal for first home buyers with a deposit between 5% and 20%, allowing them to purchase a home sooner and avoid the extra cost of LMI. Whether you're considering an apartment at Vera, or a house and land package at Sage or Flourish, this guarantee makes homeownership more accessible.
For more details on eligibility for the First Home Guarantee, visit: First Home Guarantee.
First Home Super Saver Scheme
The First Home Super Saver Scheme (FHSSS) allows first home buyers to build their deposit by making voluntary additional contributions to their superannuation. You can contribute up to $15,000 per year or $50,000 in total, and the tax rate on the first $25,000 put into your super each year is only 15%, significantly lower than most income tax rates.
This scheme offers an excellent opportunity for buyers to grow their deposit faster, especially for those with a longer timeline to save. When you’re ready to take the next step, Flourish at South Maclean and Sage at Burpengary offers a range of house and land packages that could be perfect for FHBs looking to build their new home, or explore off the plan opportunities at Vera Apartments.
For more information, visit: First Home Super Saver Scheme.
Ready to Take the Next Step?
If you're a first home buyer looking for your dream home, our communities at Sage, Flourish, and Greville offer a range of options that are eligible for the grants and incentives outlined above, as well as for a variety of lifestyle wants and needs.
Start your journey to homeownership today with Cedar Woods and contact us for more information.
