Your Dream Home is Closer with the $30,000 First Home Owner Grant in Queensland

Attention first-time home buyers in Queensland! The First Home Owner Grant has recently been increased to $30,000, offering a significant boost towards purchasing or constructing a new home. Imagine enhancing your deposit with this generous grant—it's now within your reach!

But before you get started, let’s break down the eligibility criteria to ensure you make the most of this opportunity.

What Type of Property Qualifies?

To be eligible for the First Home Owner Grant, the property you are buying or building must be a new home. This includes houses, units, duplexes, or townhouses that have never been occupied. Substantially renovated properties are also eligible, provided they have not been lived in since the renovations.

What is the Property Value Limit?

The total value of the property in Queensland must not exceed $750,000. This cap covers the cost of purchasing the land, contract variations, and any additional costs.

Am I Eligible if I’m a Permanent Resident?

Yes! The grant is available to Australian citizens and permanent residents who are at least 18 years old. Temporary residents may also be eligible if applying with a citizen partner.

Can I Use the Grant for Investment Properties?

No, the First Home Owner Grant cannot be used for investment properties. The property must be your principal place of residence, and you must move in within one year of completion and live there continuously for at least six months.

What if I’ve Owned Property Before?

To qualify, neither you nor your spouse can have owned residential property in Australia since January 2000. However, if your previous ownership was before this period, you might still be eligible.

Ready to Get Started?

Securing the First Home Owner Grant is an excellent first step towards buying your home, but you also need to understand your borrowing capacity. If you’re ready to buy but need assistance with:

- Determining how much you can borrow

- Understanding your deposit requirements

- Evaluating whether buying off-the-plan is right for you

- Meeting eligibility criteria for the First Home Owner Grant (in QLD or other states)

We’re here to help! Book a Planning Session with our brokers today to get personalised advice and start your journey toward homeownership.

For more information and financial tips, visit [herfinance.com.au](http://www.herfinance.com.au) or email us at hello@herfinance.com.au. Follow us on social media at @herfinancebrokers for the latest updates.

Don’t miss out—this grant opportunity ends in June 2025!