Queensland’s First Home Buyer Grant Doubles Up for Aspiring Homeowners!

February 8, 2024

Exciting Development for First-Time Buyers in Queensland

In a significant move to support aspiring homeowners, the Queensland Government has decided to double the First Home Owner Grant*, elevating it to an impressive $30,000 for eligible first home buyers.
This announcement brings a wave of optimism for first home buyers in Queensland, making your home ownership dream more attainable than ever before. The increased grant, now standing at $30,000, is applicable to eligible homeowners entering into contracts on or after Monday, 20 November 2023 until 30 June 2025.

Understanding the First Home Owner Grant
The Queensland Government is committed to helping Queenslander’s get into their own home sooner with a double up of the First Home Owner Grant.

This initiative is designed to provide an extra financial boost to eligible first home buyers, facilitating their entry into the property market. Eligible buyers can now receive $30,000 towards the purchase of a new house, unit, or townhouse, and the flexibility extends to options like buying off the plan or constructing a new home.

Eligibility Criteria
To take advantage of this increased grant, interested individuals must meet the following key criteria:

• Buying or building a brand new home valued at less than $750,000, encompassing land and any contract variations.
• Be an Australian citizen or permanent resident, aged 18 years or older, with this being the first residential property owned in Australia.
• Comply with the residence requirements after settlement, including to reside in the new home for the first year as homeowner.

Additional criteria apply, including some exceptions. You should make your own enquiries regarding eligibility here – https://qro.qld.gov.au/property-concessions-grants/first-home-grant/eligibility/

With these exciting developments, the Queensland Government aims to empower and assist young Queenslander’s in stepping onto the property ladder sooner than they might have envisioned. This doubled-up First Home Owner Grant serves as a significant milestone in the pursuit of making homeownership dreams a reality for many in the Sunshine State.

Can I use this grant to purchase at Harmony?
Yes! If you meet the eligibility criteria as determined by the Queensland Government, our friendly sales team is on hand to discuss how your dream home can become a reality. Call 1800 550 240 or register your interest here https://staging-harmony.staging67.com/register-your-interest/.

*AVID Property Group makes no representation or guarantee as to eligibility for the First Home Owners’ Grant, as eligibility for this grant is determined solely by the Queensland Government. For more information on this grant, including the eligibility criteria and any exceptions, you should contact the Queensland Government directly or view Queensland Government publications regarding the grant. You can visit the Queensland Government website for the grant here: https://qro.qld.gov.au/property-concessions-grants/first-home-grant/