Buying your first home can feel impossible — especially when the bank says no to your loan application. But if you’re struggling to save a large deposit or get loan approval, the Queensland Government offers help that many first-home buyers don’t know about.
Here are two key programs you may be eligible for:
🏡 1. First Home Owner Grant – Up to $30,000
If you’re buying or building a brand-new home in Queensland valued under $750,000, you may be eligible for the First Home Owner Grant (FHOG) of up to $30,000.
✅ Who can apply?
You may be eligible if you:
- Are at least 18 years old;
- Are an Australian citizen or permanent resident (or applying with someone who is);
- Have never owned property that you lived in after 1 July 2000;
- Have never received a similar grant in any other state or territory.
📝 How to apply:
You can apply through:
- A bank or approved lending agent, or
- The Queensland Revenue Office directly.
🔗 Learn more:
🏦 2. Queensland Housing Finance Loan – Low Deposit Government Loan
This is a government-backed home loan designed for people who can afford repayments but are struggling to save a big deposit.
💡 Key features:
- As little as 2% deposit
- No lender’s mortgage insurance (LMI)
- No monthly account-keeping fees
- Loan terms up to 30 years
- Fixed or variable interest rate options
✅ Who is eligible?
To qualify, you must:
- Be at least 18 years old;
- Be an Australian citizen or permanent resident;
- Plan to live in the home you buy;
- Not own or part-own any other property;
- Have a combined household income under $141,000, or $201,000 in select council areas;
- Have a good rental history or savings record;
- Have either:
- A minimum 2% deposit, or
- The difference between the purchase price and the loan amount you’re eligible for.
📝 What documents are needed?
- Recent payslips and bank statements
- A savings history
- Past tax returns
🔗 Learn more:
Need Help Understanding Your Options?
Our experienced team at W & G Lawyers is here to assist you every step of the way.
We help first-home buyers navigate complex contracts, understand government schemes, and protect their legal interests throughout the property purchase process.
📞 Contact us today to schedule a consultation and obtain legal advice tailored to your needs:
✉ info@wglawyers.com.au
📱 0433 071 350
Disclaimer:
The information provided in this article is for general informational purposes only and does not constitute legal, financial, or professional advice. While every effort has been made to ensure the accuracy of the information at the time of publication, laws and policies may change. We recommend that individuals do not rely solely on this information when making decisions.
For advice specific to your circumstances, including eligibility for government grants or loans, please contact W & G Lawyers to obtain personalised legal guidance.