Queensland First Home Builders’ Grant Revised To $15,000

Those looking to buy a house for the first time in the state of Queensland will now be eligible for a grant of $15,000. The new first home builders’ grant of $15,000 is the same rate the Queensland government paid to first home contracts dated between October 2012 and 30 June 2016.

For house contracts dated between 1 July 2016 and 30 June 2018, the grant amount has been slightly more at $20,000. If you’re buying a brand new home, the property does not need to have settled by midnight on 30 June 2018, you just need to have signed the contract.

We expect this would have driven many first home buyers to execute contracts in June, to take advantage of this higher rate.

Queensland First Home Builders' Grant Revised

Stanley 31 by Masterpiece Homes

The Queensland First Home Builders’ Grant is a state government initiative to help first home owners to get their first home sooner. The grant can be used towards buying or building a new house, unit or townhouse, valued up to $750,000.

Typically, the grant helps first-time home buyers with a little extra funds in hand; a buffer to get your dream home sooner. For instance, a first-time buyer could use the grant money to cover part of their deposit when they apply for the construction loan or mortgage.

At the moment there is no date for when the $15,000 grant will end. And so, if you are planning to buy a brand new home and are an eligible first home buyer, it may be smart to move sooner than later to take advantage of the grant before it is further reduced.

If you are wanting further information on first home builders’ grant or building in Queensland book a call with one of our independent home building experts on 1800 184 284.

Zoe Langenberg

Zoe is passionate about coffee and interior design. You can find her most weekends exploring an art gallery or devouring a good book.


iBuildNew is the market leading aggregator dedicated to residential home construction and land development. As an independent platform, iBuildNew helps Australians identify and compare new home designs, house and land packages and land estates. It’s the smart way home buyers, who are considering a new build, can find the ideal options to match their individual needs. Home building is a big decision, we make sure you get it right.

You may also like

Jul 09, 2019

5 Hidden Costs That Shock First-Time Homebuyers 

It’s no secret that buying a home is a huge financial investment. In fact, it’s usually...
Read More
Aug 01, 2019

Cost Saving Tips When Building A New Home

When starting your exciting journey to building a new home, constantly adhering to your...
Read More
Jul 24, 2019

Learning The Language For First Time Buyers

When purchasing property, especially for the first-time buyers, it is easy to be overwh...
Read More
Jul 24, 2019

Smart Wealth Building with Home Equity 

While homeownership may seem to come hand-in-hand with a mountain of debt, establishing...
Read More
Jul 10, 2019

Tips To Prevent Homebuyer’s Remorse

The journey to buying a house is an exciting, emotional experience that will surely lea...
Read More
Jul 31, 2019

5 Tips on Downsizing Without Sacrificing Style 

Whether it be as you approach retirement or as you seek a simpler, less expensive way o...
Read More
Jun 24, 2019

Different Types Of Home Loans And Choosing The Right...

Securing a home loan isn’t really the daunting task it’s made out to be. While a strong...
Read More
Jul 23, 2019

10 Essential Questions To Ask Your Mortgage Broker

When you're in the market for a new mortgage, acquiring a home loan can be a complicate...
Read More
Aug 01, 2019

Breaking Down Your Questions About Construction Loans

When building a house, you will definitely come across and be offered construction loan...
Read More
Jun 26, 2019

First Home Buyers: Here’s How Long It Takes To...

Saving can be challenging at the best of times, but saving for a first home deposit can...
Read More

Get more from

Browse House and Land Packages