First Home Owners Grant QLD 2019 [Are you Eligible?]

This is the ultimate guide to the First Home Owners Grant QLD in 2019.

And let me be clear about something:

This is NOT a lame First Home Owners Grant QLD guide written by egg heads in complicated legal jargon.

Instead, you’re going to get the simple breakdown of the $15,000 First Home Owners Grant, what you can qualify for right now and what will work even better in 2019.

So if you’re looking for all the answers on the First Home Owners Grant in Queensland you’ll love this guide.

Let’s dive right in.

Can I get the First Home Owners Grant? Try the eligibility tester 👇

Find out if you qualify for $15,000 first home owners grant in 2019, or even the previous $20,000 First Home Owners grant from 2018.  

Are you eligible for a First Home Buyers Grant in QLD? Take our quiz to find out if you qualify for the $15,000 or $20,000 Grant 💰
Start press enter
1 → Are you: *
2 →When will you be signing your contract? *
3 →Have you, your spouse or another applicant ever been paid a first home owners grant or owned property before in Australia? *
4 →What is the value of the home you are purchasing? *
Sorry you don't qualify for the first home owners grant. It could be because you are buying an existing property 🏠, the value is over $750k or you may have received the grant in the past.
Holy smokes you might qualify for the $20,000 First Home Owners Grant in Queensland because your contract was signed before 30 June 2018. For more info chat to our team 🙌
Sweet you might qualify for the $15,000 First Home Owners Grant in Queensland. Chat to our team for more details! 🎉
Try again press enter

Our eligibility test uses the First Home Buyers Grant QLD 2019 criteria, as detailed by the Queensland Government.

 

Table of Contents

And we answer all of your burning questions:

 

1. Is the first home owners grant still available in QLD?

The $15,000 First Home Owners Grant is still available in Queensland for home buyers who have signed a contract to purchase a new home, or a contract to build a home with a builder from 1 July 2018 and will be available into 2019.

If you had signed a contract of sale to buy a brand new house or a building contract with a builder to construct a home between 1 July 2016 and midnight 30 June 2018 you will be eligible for the $20,000 Queensland First Home Buyers grant.

first home buyers options for grant

 

How much is the first home buyers grant QLD? 

The amount of the first home buyers grant in Queensland depends on when you signed the building contract:

How much is the first one buyers grant QLD? 🧐
$15,000 First Home Buyers Grant 💰
$20,000 First Home Buyers Grant 💰💰
Cost saving on stamp duty 💵
Buying a new home 🏡
Yes, if contract signed after 1/7/2018 ✅
Yes, if contract signed between 1/6/2016 and 30/6/2018 ✅
Yes ✅
Building a new home 🏗
Yes, if build contract signed after 1/7/2018 ✅
Yes, if build contract signed between 1/6/2016 and 30/6/2018 ✅
Yes ✅
Buying an established (or existing) home 🏠
No ⛔️
No ⛔️
Yes ✅

For a home to be considered new, the Office of State Revenue will need confirmation that the property has not been previously lived in, has not been previously sold as a place of residence and can be a substantially renovated home.

 

How much is the first home owners grant QLD in 2018?

If you sign a contract to buy a brand new property or build a new home in 2018 you could be eligible for the $20,000 first home buyers grant.

how much is the first home owners grant QLD 2018

The first home owners grant amount depends on when you signed the contract for your new home or construction build.

house being built in brisbane (1)

If you built a new home between June 2016 and June 2018 you could be eligible for the $20,000 first home buyers grant in Queensland.

If you signed a contract to buy a brand new home, or build a new house between 1/6/2016 and 30/6/2018 you are eligible for $20,000. However, if you signed the contract to build or buy after 1 July 2018 you are eligible for $15,000.

 

How much is the first home owners grant QLD in 2019?

If you sign a contract to buy a brand new property or build a new home in 2019 you could be eligible for the $15,000 first home buyers grant.

how much is the first home owners grant QLD 2019

Unfortunately, the $20,000 first home owners grant QLD in 2019 has been discontinued.

building a home in brisbane

In 2019 the first home owners grant has been reduced to $15,000 in Queensland.

If you signed a contract to buy a brand new home, or build a new house after 1 July 2018 you are eligible for $15,000.

 

Why isn’t the first home buyers grant $20,000 anymore?

Queensland’s $20,000 first home buyers grant was only available until midnight on June 30, 2018, for buyers who had signed a contract to purchase a brand new home (or unit) or signed a building contract to build a new home between 1 July 2016 to 30 June 2018.

The Queensland government sets its state budgets every year and can decide to continue or withdraw the first home owners grant at any time, we are fortunate when comparing to Sydney or Melbourne as their first home owners grant isn’t as high as ours (go Queenslander)!

queenslander first home owners

Living in Queensland is great, we win the rugby league and get a larger first home owners grant!

Read More: How to Buy a Home (Step-By-Step Case Study)

 

2. What are the first home owners grant rules in Queensland?

There are a few rules when applying for the first home owners grant in Queensland that you and your partner or spouse need to meet.

The most important qualifying rule for the first home owners grant is that you have never owned a property, or a part of a property in your personal name in Australia before.

If you are purchasing a brand new home, it needs to be valued less than $750,000 and the property cannot have been lived in before.

First Home Owners Grant QLD 20000 2018

On the other hand, if you are building a new home you need to purchase the block of land as per normal, and then when signing the building contract (learn more on our How to build a home guide) the value of the home including the land needs to be less than $750,000.

In both cases, you also need to live in the property as your main home for at least 6 months straight within the first 12 months of owning (or building) it.

 

How do I get the $15,0000 great start grant?

According to the Queensland Government, to be eligible for the Great Start Grant (now referred to as the first Homeowners grant) you must:

  • ✅ You must be at least 18 years of age.
  • ✅ You must be an Australian citizen or permanent resident (or applying with someone who is).
  • ✅ You or your spouse must not have previously owned property in Australia that you lived in.
  • ✅ You must be buying or building a brand new home.
  • ✅ The value of the home including the land is less than $750,000.
  • ✅ You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.

First Home Owners Grant QLD 2019 tips

 

Can a First Home Buyer Grant be Used as Deposit?

Some more good news is yes, you can use your $15,000 first home buyers grant towards your deposit.

That’s the great part about the grant, it allows you to start building faster or purchase a property much quicker.

First Home Owners Grant QLD 2019

The only caveat is that not all banks will consider the first home buyers grant as genuine savings, so you may need to contribute some extra cash towards your deposit which can be a few thousand dollars depending on the build price.

We help lots of first home buyers with getting a great deal on a loan, and guiding you through the steps to buy your home, or even help with building a home including:

  1. ☑️ Finding, and buying your block of land
  2. ☑️Getting your builder’s contract signed, and what to look for (and what to look out for)!
  3. ☑️Helping get your home loan approved, we calculate what you can afford to pay each week and arrange a bank valuation for you at no cost to you!
  4. ☑️Managing payments to the builder from the bank, to make sure your home is built quickly and easily.

If you want to understand how much deposit you need to buy a place, speak with one of our mortgage brokers.

nathan vecchio hunter galloway mortgage broker ashgrove

Nathan Vecchio is one of our senior mortgage brokers at Hunter Galloway.

 

When do I get paid the first home owners grant?

The timing on payment of the $15,000 first home grant depends on the type of property you are purchasing or building… 

When you are purchasing a home, the first home owners grant is released at the settlement of your new home and can be used towards your deposit.

If you are building a home, it is a little bit different…

building a hamptons style house brisbane

Building a home with the first home owners grant has its advantages – namely receiving $15,000 from the Queensland government! The only downside is the timing of the payment which doesn’t usually get paid until slab stage.

In most situations when you are building a new home, you will need to settle the block of land. You will then pay the builder a 5% deposit to get everything going like the building approval, council approval and then the first home owners grant will be released after the deposit has been paid and the construction has started.

Generally, this happens after the builder has poured the slap, often referred to as the slap stage. To see how construction finance works, including the stages you can read more here.

If you would like to talk about your home loan, deposit options or first home owners grant application you can book a time online for either a face to face or phone meeting. We do not charge any fees for our services.

Read More: First Home Buyers Guide for buying in Brisbane 

 

3. What could make me ineligible for the $15,000 first home owners grant?

You can take our eligibility tester to see if you can apply for the $15,000 home owners grant.

The rules of the first home owners grant to apply to both you as the applicant, your age, residency status if you have received the grant before and the type of property you are looking at buying or building.

 

1. Previous home ownership  

The first home owners grant was created to help people into their first home, so you cannot have owned (or partially owned) property in your personal name previously.

This also applies if you are buying your first home with your spouse, or partner, they are not allowed to have owned property before in Australia.

Brisbanes surbubs Teneriffe

If you’ve owned property before and lived in it you may not qualify for the first home owners grant.

Unfortunately, if your partner has owned a property before and they fall under the Queensland Government’s definition of partner (you are married, or living together on a ‘genuine domestic basis’ for 2 years or more) you may not be eligible for the $15,000 first home buyers grant.

If this is the case while you might not be able to apply for the $15,000 grant, you might still be able to apply for a stamp duty rebate.

 

2. The type of property 

 This is the one that usually catches most people. To qualify for the first home owners grant QLD you need to be buying a brand new home, or building a new home – it does not apply on existing properties or ones that have been lived in before.

The trickiest part of this is defining a substantially renovated home. In short, a substantially renovated home has had serious structural changes made, it was basically a knockdown and completely rebuild and all renovations need to happen before you buy it.

home loan guide to brisbane

The type of property affects if you will receive the first home owners grant QLD.

The Queensland Government defines substantially renovated properties as involving structural building work such as:

  • 🏗replacing or altering foundations
  • 🏗replacing or altering floors or supporting walls (interior and exterior)
  • 🏗lifting or modifying roofs
  • 🏗altering brickwork to replace existing windows and doors

They do not consider a home to be substantially renovated if only cosmetic work like painting has been done, or a new kitchen has been put in for example.

 

3. Your property purchase value 

Regardless of buying a brand new home, or building one the total value of the property needs to be under $750,000 to be eligible for the grant.

The only complexity with this is if you are building, where the total costs of your land added to your building costs (plus any additional variations like fences, solar panels, landscaping, etc) need to be under $750,000.

Put another way, if you paid $350,000 for a block of land, the build price was $400,000 and landscaping cost $50,000 your total purchase price or property value would be $800,000 and you would be ineligible for the grant.

building a home with bad weather

To qualify for the first home owners grant QLD your property needs to be valued less than $750,000.

On the other hand, if you paid $200,000 for your land and total build price was $244,000 your total property value would be $444,000 and you would be eligible for the $15,000 first home owners grant.

 

4. You need to live in the home

The first home owners grant is designed to promote home ownership, so to receive the $15,000 grant you need to live in the property for at least 6 months consecutively, within 12 months of buying the home.

For example, if you settle your new home on 5 January 2019 – you need to move into the home before 4 January 2020. Once you move in, you need to live at that address for 6 consecutive months to avoid being charged a penalty by the Office of State Revenue.

family homes morningside

It’s a requirement for the first home owners grant QLD to live in the home for at least 6 straight months.

When you move in, updating your address is easy just get your driver’s licence and electoral details changed to confirm you are living in your new home.

 

5. Your age and need to be an Australian Citizen (or permanent resident) 

To qualify for the first home owners grant in Queensland you need to be at least 18 years old, and you (or your partner) needs to be an Australian citizen or permanent resident. In either case, as with point 1, you and your partner cannot have received the Queensland First Home Owners Grant or any other home ownership grant in Australia.

 

First Home Owner Grant – Case Study

In order to get a better understanding of the entire process, let’s take a look at an example. Suppose, you and your partner currently live in a rented apartment and planning to buy your first home. You are trying your best to save as much money as you can and be eligible for a $15,000 first home owner grant.

Different types of properties, including off-the-plan, under-construction property, and a new house (construction completed) can qualify for first home buyers grant.

Below are the eligibility criteria for these properties:

  • ✅ Off-the-plan – It includes the projects where no construction has taken place yet but they qualify for construction.
  • ✅ Under Construction – It includes those properties where the construction is still underway and not yet completed.
  • ✅ A Newly Constructed Property – You will qualify for a $15,000 grant if the construction of the property has been newly completed. In addition to that, you also fulfil the criteria of first home buyers grant.

So far, you have saved $20,000 and plan to secure at least a 5 per cent deposit. Suppose, you plan to buy the second option (under construction) for $460,000, then you need to save $3,000. If you manage to save the required deposit and sign the agreement before the year ends, you become eligible for the grant.

Chat to Hunter Galloway today about how we can sort out your financing for the First Home Owners Grant on 1300 088 065 or email Nathan at here.

What other options are there for first home buyers?

If you have not owned property before you could be eligible for the First Home Super Saver Scheme. This allows you to make extra payments to your superannuation account, and in effect helps you save money for a deposit faster as you pay less tax.

First Home Super Saver Scheme (FHSSS)

Read More: First Home Super Saver Scheme | Step-by-step Guide 🎉

 

Is it possible to have the grant taken off you?

Yes, we have seen cases where you can qualify for and get paid the grant but if you do not abide by the rules the government can force you to repay the grant.

You just need to understand your obligations in receiving the first home owners grant and make sure you:

  • ✅ Move into the home within 1 year of buying it
  • ✅ Live in the home as your principal place of residence for 6 months continuously
  • ✅ Tell the office of state revenue within 14 days if you are unable to move into the home, or have to move out of the home before you have lived there for 6 months continuously

So just be aware of the conditions of the first home owners grant, and if you stick to them you’ll be fine! If you aren’t sure about your situation you can speak with our team, or call the Office of State Revenue on 07 3179 2500.

There are a few simple conditions of the first home owners grant that you need to be aware of.

 

4. Can you get the First Home Buyers Grant on established homes? 

If you are a first home owner in Queensland looking at buying an established home, you would be ineligible for the $15,000 first home owners grant but you are able to claim the first home concession for transfer duty (also known as stamp duty).

So while you might not receive the first home owners grant, you can save up to $8,750 in stamp duty concessions as a first home buyer on established home purchases up to $500,000.

First Home buyers then pay a concessional stamp duty amount on purchases up to $550,000 and then over $550,000 there are no additional concessions or discounts.

This can be on both established units, and existing houses, here are a few examples.

Purchase Price 🏡
Stamp Duty (also known as transfer duty) 
Stamp Duty Paid by First Home Buyers
Amount Saved on Stamp duty with rebate 
Up to $500,000
$8,750
$0
$8,750 💸
$525,000
$9,625
$5,250
$4,375 💸
$550,000
$10,600
$10,600
$0
$600,000
$12,850
$12,850
$0
$650,000
$15,100
$15,100
$0
$700,000
$17,350
$17,350
$0

 

What are the rules with the First Home Owners Transfer Duty Concession?

The requirements of the first home owners transfer duty concession are slightly different to the first home owners grant, so you need to be aware not to get caught out.

For example, with the first home owners grant you need to live in the property for 6 months continuously within the first 12 months of moving. And then if you want you can move out, rent the property, sell it etc.

With the First Home Concession, you cannot dispose of (i.e. sell, must live there) or rent out any room in the property for 1 year.

So if you qualified for both the First Home Owners Grant, and the First Home Concession you need to be aware that you need to live in the property for at least 1 year, and cannot rent out any rooms (including AirBNB ) to ensure you do not get caught out and lose your concession or grant.

If you aren’t sure about your situation get in touch with our team of First Home Buying experts to chat about your situation or call us on 1300 088 065.

new farm mortgage broker

Read More: 11 Hidden Costs when Buying a Home in Brisbane

 

5. How do I apply for the first home owners grant?

If you apply for a home loan through us we will help you complete the application for the $15,000 first home buyers grant along with all the supporting documentation.

When you apply for the Queensland First Home Owners Grant you will need to provide your supporting documentation like your contract of sale, along with the original application form (you can also download the First Home Owners QLD form here.)

How do I complete the first home owners grant application form?

If you work with Hunter Galloway we’ll help you complete the First home owners Grant application form as a part of your home loan application.

We will help you fill out, and complete the paperwork to make it super easy!

The total First Home Buyers Application Form is 15 pages long, and have 7 main sections:

 

Section 1: Eligibility Criteria 

The first section of the First Home Buyers Application form for the Queensland First Home Owners Grant checks that you are able to apply for the grant.

As you can see from the example below, a qualifying first homeowner will answer yes to questions 1 to 7, and then no for questions from 8 onwards.

First Home Owners Grant Application Section 1

Section 1 of the First Home Owners Grant application form has the qualifying questions.

 

Section 2: Applicant Details

This section of the application form has all your basic personal information, name, address, contact details all the simple stuff for both you, and your partner. If there are more than 2 applicants you can just add an additional form.

Section 2 of the First Home Owners Application in Queensland has your basic contact information.

 

Section 3: Spouse Details 

Section 3 is only there if you have a partner or spouse who is not an applicant that you detailed in section 2. If you do not have a partner or spouse you can skip this section and continue to section 4!

First Home Owners Grant Application Section 3

You’ll be happy to know Section 3 of the First Home buyers application form can be skipped if you are not applying with a partner or spouse.

 

Section 4: Property and Transaction Details 

In section 4 you will need to include the details of the property you are purchasing, or building as well as the type of property.

First Home Owners Grant Application Section 4

Section 4 of the First Home Owners Grant Application QLD has the property details.

The options in section 4 include the below, only choose 1 option.

  • Contract to purchase a new home
  • Contract to purchase a substantially renovated home
  • Contract to build
  • Contract to purchase off-the-plan
  • A building as an owner-builder

Buying off the plan means you are purchasing a property before the building is out of the construction phase, and the title has yet to be created.

If you are buying off the plan it means the property is not completed yet, so if you have bought a new property that is ready to be moved into you can choose ‘contract to purchase a new home’.

chat-to-mortgage-expert

 

Section 5: Optional Information

As the name suggests this is not a mandatory section, and only applies if you are Aboriginal or a descendant from the Torres Strait.

 

Section 6: Declaration by Applicant 

This section is where you need to sign the application form, and it needs to be witnessed by someone who isn’t an application.

First Home Owners Grant Application Signature

This section of the First Home Owners Grant QLD application form is for signatures.

Put another way, if you and your partner are applying for the grant your partner cannot witness your signature and vice versa. Lucky for you, because you are working with our Mortgage Brokers at Hunter Galloway we can witness your signature.

 

Section 7: Declaration by Spouse 

When you are applying with a partner or a spouse, this is the section that they sign. Same as the above, their signature needs to be witnessed by someone that isn’t you.

 

What supporting documents do I need?

The specific documents required will depend on your individual situation, and we will have the majority of these documents from your home loan application so chat to us before getting home together.

You will need to provide a few additional documents to apply for the First Home Owners Grant like your identification.

To give you an idea, to apply for the first home owners grant QLD you will need:

  • ☑️ Completed First Home Owners Grant Application form
  • ☑️ Proof of Identification – Australian Passport, Drivers License or Birth Certificate
  • ☑️ If you are buying a new home 🏡
    • ➡️ A contract signed and dated by seller and applicants
    • ➡️ Registration confirmation statement that shows the applicants as the registered owners (or title search)
    • ➡️ Final inspection certificate.
    • ➡️ The Office of State Revenue sometimes also require confirmation from the seller the property has not been previously occupied.
  • ☑️ If you are building a new home 🏗
    • ➡️ A contract signed and dated by builder and applicants
    • ➡️ Registration confirmation statement that shows the applicants as the registered owners
    • ➡️ Final inspection certificate.
    • ➡️ The Office of State Revenue sometimes also require additional documents like the bank valuation, rates notice or stamped contract to buy vacant land.

The First Home Owners Grant application also asks for evidence on the valuation of the home, if you have been gifted a deposit they may require a statutory declaration if a related person is giving financial help or a certified copy of your marriage certificate.

As mentioned the exact documents required are different for every application, so chat with our team and we can help make this as simple as possible.

Mortgage Broker Brisbane

 

6. Get your First Home Owners Grant application moving today

If you are looking to build a home in Queensland, or buy a new home using the first home owners grant our team at Hunter Galloway can help.

I’m Jayden Vecchio, and our team here at Hunter Galloway helps first home buyers with navigating the home buying process.

Mortgage Home Loan Application

What we do is make it simple to get through the home loan process, and with our team of experts, we will help walk you through the process to complete your first home buyers grant application. If you are building your first home we can help walk you through the construction loan process.

Our service does not cost you anything as we are paid by the lender when your home loan settles.

To chat about your deposit, lending and first home ownership options book in a time to sit down with us, or feel free to call on 1300 088 065.

More Resources for first home buyers

The information on this page is general in nature and should not be considered as advice. Before you act on this information you must seek independent legal and financial advice.