Queensland first home buyers can currently access a $30,000 First Home Owner Grant for eligible new builds, a full stamp duty concession on homes up to $700,000 and a partial concession up to $800,000. Rules and thresholds change from time to time, so use this as a starting point and verify the current numbers on the Queensland Revenue Office site before you sign anything.
What is the Queensland First Home Owner Grant in 2026?
The First Home Owner Grant is a one-off payment of $30,000 for eligible buyers building or buying a brand new home valued under $750,000. It does not apply to established homes. To qualify you generally need to be an Australian citizen or permanent resident, aged 18 or over, buying with a partner in the same situation, and planning to live in the home for at least six continuous months within the first year.
If you are looking at a new build in an estate like /suburbs/logan-reserve, /suburbs/yarrabilba or Flagstone, this grant is often the difference between buying now and waiting another year.
How does the first home stamp duty concession work?
Queensland has one of the more generous stamp duty regimes for first home buyers.
Full concession
If the home is $700,000 or under, first home buyers pay no transfer duty at all. On an $700,000 purchase that saves roughly $17,000 to $18,000 compared to a standard buyer.
Partial concession
Between $700,000 and $800,000 the concession phases out. You pay a reduced rate that gets closer to standard duty as the price approaches $800,000.
Over $800,000
No first home concession. You pay full transfer duty. On $900,000 that is roughly $30,000 in stamp duty.
Vacant land has its own concession up to $350,000 for first home buyers who intend to build.
What is the First Home Guarantee?
Different from the QLD grant. The First Home Guarantee is a Federal scheme that lets eligible first home buyers purchase with a 5% deposit without paying Lenders Mortgage Insurance, because the government guarantees the rest. Places are limited each financial year and there are property price caps that vary by region. It stacks with the state grant and concession, so it is worth checking.
Do these still apply if I have owned an investment property?
Usually no. The FHOG and the stamp duty concession are designed for people who have never owned residential property in Australia, including as an investor. If you or your partner have owned before, most schemes rule you out.
What price ranges on Brisbane's south side fit under the $700,000 cap?
Realistically you are looking at:
- Townhouses and units in /suburbs/rochedale-south, /suburbs/runcorn, /suburbs/underwood and /suburbs/springwood. - Houses in outer estates such as /suburbs/logan-reserve (median $935,000, but entry stock exists below $700k), Yarrabilba (median $860,000) and Flagstone (median $887,325). - Older three-bedroom homes in /suburbs/marsden (median $920,000, entry stock in the high sixes).
Will these grants and thresholds change?
Almost certainly. Both state and federal governments adjust caps, grant amounts and eligibility every year or two. This post is updated when the rules change, but always confirm the current numbers on the Queensland Revenue Office and Housing Australia websites before you exchange contracts. Your conveyancer or broker will also flag anything you have missed.
For the deposit maths that sits alongside these concessions, have a look at how much deposit you actually need. Common buyer questions are collected on the /faq.
What should you do next?
Have a look at what is currently for sale on Brisbane's south side over on /properties, or send me a buying question and I will give you a straight answer.
If you will be selling a home to buy your next one, find out what yours is worth with a free, no-obligation appraisal. That number is often the missing piece that turns a wish list into a real plan.
Frequently asked questions
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