26 February 2020

Queensland First Home Owners Grant

Queensland First Home Owners GrantQueensland First Home Owners Grant

The third blog in our series about home loans focuses on the Queensland First Home Owners Grant (or the FHOG as it’s commonly known) and the financial opportunity it provides to new home owners.

The First Home Owners Grant has existed in Queensland for several years under different names, structures and levels of financial support.  The law relating to property transactions varies across Australia and that includes the grants for first home owners, so it’s important to get the right information.  The last major change to the grant (Qld) occurred in 2016 when the Queensland Government increased the grant to $20,000.  That’s a great incentive to first home owners provided you are eligible.  So, what is the Queensland First Home Owners Grant and how do you qualify?

Whilst the government provides a range of concessions for all first home owners, (e.g. transfer duty) the Qld First Home Owners Grant specifically targets first home owners who purchase or build a ‘new home’.   As at the time of publishing this blog, the existing grant arrangements remain current until 30 June 2018.  The Queensland government has not provided any information whether the grant will cease or continue after that date.

So, what does the government mean when they refer to ‘new homes’?

A new home refers to the following:

  1. It has never been previously occupied or sold as a place of residence;
  2. It can include a home that is substantially renovated (in limited circumstances) where –
  • Structural/non-structural components of the house are removed/replaced;
  • Structural includes foundations, floors/walls, roof, and brickwork;
  • Non-structural includes wiring, non-supporting walls, rendering walls and plumbing;
  • Must affect most of the rooms in the house;
  • Must be more than cosmetic work (e.g. painting, window coverings, carpets, etc);


Applicants may be eligible for a grant of $15,000 or $20,000 depending on the contract date.  There are also specific criteria relating to the first home owners who apply for the Qld First Home Owners Grant.  Applicants must:

1.         Be at least 18 years;
2.         Be an Australian citizen or permanent resident (or applying with someone who is);
3.         Have not previously owned property in Australia;
4.         Be buying or building a new home with a value under $750,000;
5.         Move into the home within 1 year and live there continuously for at least 6 months.

Ultimately, provided you meet the full eligibility criteria and the home you wish to purchase/build meets the definition of a new home, then you are well on the way to securing a successful grant application.

This blog is intended to give you an introduction to the Queensland First Home Owners Grant and some preliminary eligibility criteria.  It’s not intended to be an exhaustive list of criteria.  Every applicants situation is different and as a consequence you may or may not qualify for the grant.  It is therefore important to obtain appropriate advice before committing to any contracts.  The Queensland Government has a comprehensive website containing all the criteria and a range of helpful information about the grant.  Hewcorp Finance recommends you check out the site for further information and consult your solicitor.  For more information go to the First Home Owners Website.

Hewcorp Finance provides professional home, motor vehicle, truck, caravan, marine and asset finance services to customers in Redland Bay, Bayside suburbs, and the greater Brisbane region.  You can follow Owen on LinkedIn LIKE us on Facebook, or view information about home loans on our website.

This publication covers legal issues in a general way. It is intended for information purposes only and should not be regarded as legal advice. Hewcorp Finance recommends that professional legal advice should be obtained before taking any action on the basis of the general information presented in this publication.

Written and Published by  www.presentprofessionally.com.au