Saving for a house deposit feels impossible?
Tired of watching property prices rise while your savings stay flat?
Good news — the Queensland Government’s new Boost to Buy scheme might be your chance to finally get on the property ladder.
What Is Boost to Buy?
Boost to Buy is a shared equity scheme — that means you and the government buy a home together, and each own a share.
- It’s not a loan.
- It’s not a grant.
- It’s a smart way to reduce how much you need upfront.
Key Features at a Glance
| What You Get | How It Works |
| Only 2% deposit required | That’s all you need to contribute yourself |
| Government shares ownership | Up to 30% for new homes, or 25% for existing homes |
| Max property price | Up to $1,000,000 |
| Income eligibility | Individuals earning ≤ $150k, couples ≤ $225k |
| Limited places | ~1,000 homes, with registrations open from July 2025 |
What Should You Know?
Before you apply, it’s important to understand:
- You’re co-owning the home with the government
- When you sell or refinance, you’ll need to repay their share
- You’ll sign a shared equity agreement with the State Government outlining everyone’s rights and responsibilities
This is a legal relationship — make sure you understand it before you commit.
What About Stamp Duty or Land Tax?
If eligible, you may also qualify for:
- Stamp duty concessions
- Land tax exemptions (for your principal place of residence)
These are administered by the Queensland Revenue Office (QRO)
Check their site or speak to a qualified professional for more details.
How W & G Lawyers Can Help
While we do not provide financial advice, we can assist you with all legal aspects of the process:
- Review your shared equity agreement with the government
- Check your purchase contract and advise on property transfer risks
- Provide bilingual support (English & Mandarin available)
Contact W & G Lawyers Today
📧 info@wglawyers.com.au
📱 07 2810 5666 / 04 3307 1350
🌐 www.wglawyers.com.au
Useful Links for the Boost to Buy Scheme
Disclaimer
This article is for general information only and does not constitute legal or financial advice. Every buyer’s circumstances are different. We strongly recommend that you seek independent legal advice and qualified financial advice before making any property purchase or entering a shared equity arrangement.