The Queensland First Home Owners' Grant has been boosted to $20,000, but only until 30 June 2017.
The Queensland First Home Owners' Grant is a state government initiative to help first home owners to get their new first home sooner. Depending on the date of your contract, you’ll get $15,000 or $20,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). You can even buy off the plan or choose to build yourself. It’s a great opportunity to buy or build a new home in our great state.
The $20,000 Queensland First Home Owners' Grant is not available to contracts that replace previous contracts entered into before 1 July 2016.
In 2016, the Queensland Government increased its grant for first home owners who are buying or building a new home. Previously known as the Great Start Grant, those eligible will receive a one-off payment of $20,000.
It is available for eligible transactions dated on or after 1 July 2016.
A new home is a brand new dwelling that has not been previously occupied as a place of residence or sold as a place of residence. This may include a:
Types of dwellings include houses, units, duplexes, townhouses and granny flats built on a relative’s land.
A substantial renovation is a renovation in which all, or most, of the structural and/or non-structural components of a building are removed or replaced. Most of the rooms in the previous building must have been affected, and the renovations must have affected the building as a whole for it to be considered a substantial renovation. See the definition of substantially renovated homes for information.
No. The $20,000 grant is only available for newly constructed or substantially renovated homes purchased on or after 1 July 2016.
If you held an interest in residential property before 1 July 2000, regardless of how the property was used, you will not be eligible for the grant.
If you have held or currently hold an interest in residential property since 1 July 2000 and the property was or is used solely for investment purposes, you may be eligible for the grant on a subsequent property. You would need to give evidence showing you have not lived in the investment property.
This evidence may include:
We will review all documentation provided with the application. We will not make a determination without an application and supporting documentation.
You must move into your home within 1 year of the completed eligible transaction and you must live there for at least 6 months continuously in order to keep the grant.
You must tell us within 14 days if you are unable to move into your home or have to move out of your home before you have lived there for 6 continuous months. Depending on your circumstances, you may have to pay back the grant because you are no longer eligible.
Yes. To be eligible for the grant, all applicants must live in the home.
Yes. If you have a spouse, they must be included on the application—either as an applicant or non-applicant spouse.
No. If your spouse has previously owned a home they have lived in, you will not be eligible for the grant. If your spouse has owned a home before 1 July 2000, you will not be eligible for the grant.
No. You may still be eligible. Australian citizens, permanent residents, or a joint applicant with an Australian citizen or permanent resident are eligible for the grant, providing other eligibility requirements are met.
An off-the-plan purchase is a single contract to purchase a new home and the relevant interest in the land on a proposed lot on an unregistered plan of subdivision of land. In some cases, the property may not have been built yet. You do not have an off-the-plan transaction if you have signed a vacant land purchase contract and a building contract.
No. An applicant is not eligible for the $20,000 grant if a contract replaces another contract that was made before 1 July 2016.
An applicant may still be eligible for the $15,000 grant.
A finalised contract is an agreement that outlines all of the conditions of the transaction. It must be dated and signed by all parties (vendor and purchaser).
For the $20,000 grant, an eligible transaction is one of the following:
The relevant date is the contract date.
We will process most applications within 10 working days of receiving all required information.
If you apply through an approved bank or lending institution, you will need to check with them how long it will take them to process the application.
The payment timeframes for the different types of transaction are listed below.
|Type of transaction||Applying through OSR||Applying through a bank or lending institution|
|You may be paid once you...||You may be paid...|
|Buying your home – off the plan||Have a registration confirmation statement showing your name on the title of the property||At settlement|
|Buying your home – instalment purchase contracts|
Fulfil all of the following:
|Buying your home – vendor finance contracts||Own the home under the contract||N/A|
|Buying your home – all other contracts||Have a registration confirmation statement showing your name on the title of the property||At settlement|
|Building your home – building contract||Have a final inspection report||On the first draw down of funds|
|Building your home – owner-builder||Have a final inspection report||Once you have a final inspection report|
If you are dissatisfied with a decision regarding your application for a grant, you may lodge a written objection with the Commissioner of State Revenue. You must state the grounds of your objection in full and lodge the objection within 60 days of receiving notice of the decision.
The total value of the home depends on the type of transaction you are entering into.
|Type of transaction||Total Value|
|Buying a new home|
(includes substantially renovated or off-the-plan homes)
|Contract to build|