The countdown has begun for first home buyers in Queensland. Until 30 June 2025, you still have the opportunity to receive the $30,000 First Home Owner Grant (FHOG) and pay no transfer duty on eligible new properties. After this date, the FHOG reverts back to $15,000, and these savings will be significantly reduced.
Why First Home Buyers Should Act Now to Claim the $30K FHOG
If you’re considering buying or building your first home, time is running out to maximise your benefits. The $30,000 FHOG is only available for eligible buyers who sign a home and land package contract before 1 July 2025. This generous grant offers a rare boost toward your deposit or upfront construction costs.
In addition, you may be exempt from transfer duty:
On land purchases (if buying house and land separately).
On the full value of a new home, if it’s purchased under a Single Contract (e.g., for a townhouse or terrace home).
Key Conditions for First Home Buyer Government Incentives
To access these benefits, your purchase must meet these criteria:
The property must be new, not an existing home.
The price cap is $750,000 to qualify for the FHOG and transfer duty exemptions.
If you’re applying for the 5% deposit government-backed home loan, the cap is $700,000.
These conditions apply across Queensland, including Brisbane’s North and South suburbs, where prices have surged in recent months.
Where to Find Eligible Cheap Property for First Home Buyers
The challenge? Most homes and land packages are now above $750,000. Prices in suburbs like Logan Reserve, Park Ridge, and Narangba are regularly between $820k–$850k. However, there are still limited options available under the grant threshold.
Here are a few remaining suburbs with cheap property for first home buyers:
Flagstone: Master-planned community with townhouses and small-lot homes.
Walloon and Deebing Heights: Affordable options west of Brisbane.
Morayfield and Burpengary: Northern suburbs where townhouses may still qualify.
Many of these are available on single contracts, qualifying them for full FHOG and transfer duty exemptions.
Terraced Homes and Townhouses Offer Real Value
It’s understandable that many first home buyers dream of a big block of land and a four-bedroom home. But with rising land and build costs, it’s time to rethink your strategy. Terraced homes and townhouses offer modern design, lower maintenance, and easier eligibility under the $750k cap.
Don’t let the perfect property delay your decision. Acting now means securing:
A $30,000 grant (not $15,000)
Zero transfer duty (savings of up to $20,000+)
Entry into the market before prices rise again
Time Is Running Out: Secure Your First Home Before June 30, 2025
There’s a limited window left to take advantage of these incentives. Delaying your decision could cost you tens of thousands of dollars in missed grants and increasing property prices.
We still have a selection of eligible homes and land packages under $750k in both North and South Brisbane — but stock is limited and moving fast.
Let Us Help You Find Cheap Property for First Home Buyers
At Rustik Realty, we specialise in helping first-time buyers navigate the market and access every available incentive. We’ll help you:
Identify eligible house and land packages
Compare terrace homes and townhouses
Understand your FHOG and transfer duty eligibility
If you’re serious about buying, don’t wait. Contact us today to claim your $30K FHOG and avoid transfer duty before the 30 June deadline.
Have questions about this topic?
We’re here to help with personalised advice based on your goals.