First Home Buyer Brisbane 2026 | Grants & 5% Deposit Guide

First Home Buyer Brisbane 2026: Grants, Stamp Duty & 5% Deposit Guide

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Buying your first home in Brisbane can feel complicated, but 2026 offers several government incentives that may make entering the Queensland property market more achievable.

Eligible first home buyers may be able to access the $30,000 Queensland First Home Owner Grant, transfer duty concessions and the Australian Government’s 5% Deposit Scheme.

For buyers considering a brand-new property, a house and land package in Brisbane or South East Queensland can also provide a pathway into home ownership while potentially taking advantage of incentives specifically available for new homes.

Here is what first home buyers need to know in 2026.

Queensland First Home Owner Grant 2026: How Much Can You Get?

The Queensland First Home Owner Grant is currently $30,000 for eligible buyers purchasing or building a new home.

The Queensland Government confirmed the increased $30,000 grant will continue for eligible contracts from 1 July 2026 onwards.

To qualify, the property generally needs to be a new home valued at less than $750,000, including the land and relevant contract variations. The grant does not apply to established homes.

Eligible properties can include:

A newly constructed house
A new townhouse or unit
A house and land package
An off-the-plan new home
A contract to build a new home
Certain substantially renovated homes

This is one reason new builds and house and land packages continue to be worth considering for first home buyers.

Can the $30,000 Grant Be Used for a House and Land Package?

Potentially, yes.

A qualifying house and land package may be eligible for the Queensland First Home Owner Grant, provided the buyer, property and transaction satisfy the Queensland Revenue Office requirements and the total value remains below the applicable $750,000 limit.

Remember that eligibility is assessed on your individual circumstances, so buyers should confirm their position before relying on the grant when working out their budget.

Do First Home Buyers Pay Stamp Duty in Queensland?

Queensland has introduced particularly significant transfer duty benefits for buyers of new homes.

For eligible contracts entered into from 1 May 2025, qualifying first home buyers purchasing a new home can receive a full transfer duty concession, reducing transfer duty on the qualifying residential component to nil. Eligible first home buyers purchasing vacant residential land on which they will build their first home may also receive a full concession.

Unlike the First Home Owner Grant, these new-home and vacant-land concessions are separate benefits and have their own eligibility rules.

Importantly, Queensland eligibility rules changed from 1 August 2026. For transactions entered into from that date, buyers generally need to be an Australian citizen, permanent resident or specified foreign retiree to qualify for the relevant home concessions.

What About an Established First Home?

First home buyers purchasing an established property may still qualify for Queensland's first home transfer duty concession.

The first home concession applies to qualifying homes valued below $800,000, with the level of concession reducing as the property value increases.

This means it is worth comparing the overall upfront costs of:

New house and land package vs established property

rather than looking at the advertised purchase price alone.

The Australian Government 5% Deposit Scheme

Saving a large deposit is one of the biggest challenges many first home buyers face.

The Australian Government 5% Deposit Scheme, previously known as the Home Guarantee Scheme, can allow eligible first home buyers to purchase a property with a deposit starting from 5% without paying Lenders Mortgage Insurance (LMI).

The expanded scheme has:

A minimum 5% deposit for eligible first home buyers
No income caps
Unlimited scheme places
No waiting list
Access to both established and new properties
No Lenders Mortgage Insurance for eligible participants

For Queensland capital-city locations, the scheme's property price cap increased to $1,000,000 from 1 October 2025. Different caps apply in other areas, so buyers should confirm the cap for the exact location they are considering.

Applications are made through participating lenders and remain subject to eligibility and lending requirements.

Can You Combine the 5% Deposit Scheme and the $30,000 QLD Grant?

Depending on your circumstances, you may potentially qualify for more than one government home-buying initiative.

Queensland Revenue Office states that eligibility for a national home guarantee scheme does not prevent an eligible buyer from receiving the Queensland First Home Owner Grant.

For an eligible buyer purchasing a qualifying new home, this could mean potentially accessing:

5% Deposit Scheme
+
$30,000 Queensland First Home Owner Grant
+
Transfer duty concession

Each program has separate rules, however, so buyers should not assume they automatically qualify for all three.

Speak with your finance broker, solicitor or conveyancer and confirm your eligibility before signing contracts.

Why First Home Buyers Are Looking at Brisbane House and Land Packages

For buyers trying to enter the Brisbane market, a new house and land package can offer several practical advantages.

1. Access to First Home Buyer Incentives

Because the Queensland First Home Owner Grant applies specifically to eligible new homes, house and land packages may provide an opportunity to access incentives that are not available when purchasing an established property.

2. A Brand-New Home

Rather than budgeting immediately for renovations or upgrades, buyers can move into a newly built property with modern finishes, appliances and layouts.

Depending on the package, new homes may also include contemporary energy-efficiency features and builder warranties.

3. More Certainty With Turnkey Packages

Not every advertised house and land price includes the same items.

A full turnkey house and land package may include items such as flooring, landscaping, fencing, driveway, blinds, air conditioning and other inclusions needed before moving in.

Allwood Property Group works with house and land opportunities across South East Queensland and promotes full turnkey options on selected properties. Always review the inclusions and contract carefully before committing.

4. Opportunities Outside Brisbane's Inner Suburbs

Many new residential communities are being delivered across Brisbane's surrounding growth corridors.

First home buyers may consider areas throughout:

Moreton Bay
Ipswich
Logan
Brisbane's northern corridor
Brisbane's western corridor
Brisbane's southern growth areas

The right location will depend on your budget, employment, transport requirements, family needs and long-term plans.

What Should First Home Buyers Check Before Buying a House and Land Package?

The advertised price should never be the only consideration.

Before committing to a property, check exactly what is included.

Ask questions such as:

Is the Build Price Fixed?

Understand which costs are fixed and which could change during construction.

What Is Included in the Turnkey Price?

Check whether the package includes:

Landscaping
Fencing
Driveway
Floor coverings
Window coverings
Air conditioning
Lighting
Appliances
Site works
Council requirements
NBN preparation
Letterbox and clothesline

Is the Land Registered?

Registration timing can affect finance approval, construction dates and settlement.

Are There Additional Site Costs?

Soil conditions, retaining walls, slope, engineering requirements and service connections can affect the final construction cost.

Does the Total Price Meet Grant Requirements?

If you are planning to use the Queensland First Home Owner Grant, remember that the qualifying new home's value must remain below the applicable $750,000 threshold, including relevant land and contract variations.

A Simple First Home Buyer Checklist

Before signing a contract:

Work out your borrowing capacity. Speak to a qualified mortgage broker or lender and understand a comfortable repayment level.
Check government scheme eligibility. Review the Queensland First Home Owner Grant, transfer duty concessions and Australian Government 5% Deposit Scheme.
Get finance pre-approval. Pre-approval can give you a clearer purchasing budget before comparing properties.
Choose your preferred locations. Consider work, schools, transport, shopping, lifestyle and future plans.
Compare the complete package price. Look beyond the headline price and understand inclusions, site costs and upgrades.
Review contracts professionally. Have an independent solicitor or conveyancer review your contracts before you become legally committed.
Understand the build timeline. Ask when the land is expected to register, when construction can begin and the estimated build period.

First Home Buyer Brisbane FAQs

How much is the First Home Owner Grant in Queensland in 2026?

Eligible buyers can currently receive a $30,000 Queensland First Home Owner Grant when purchasing or building a qualifying new home. The new home must generally be valued at less than $750,000.

Can I use the First Home Owner Grant for a house and land package?

Yes, a qualifying house and land purchase may be eligible provided you and the transaction meet the Queensland Revenue Office requirements.

Do first home buyers pay stamp duty on new homes in Queensland?

Eligible first home buyers purchasing qualifying new homes under contracts dated from 1 May 2025 can receive a full transfer duty concession on the qualifying residential property. Eligibility conditions apply.

Can a first home buyer purchase with a 5% deposit?

Eligible first home buyers may be able to purchase through the Australian Government 5% Deposit Scheme with a deposit starting from 5% and without paying Lenders Mortgage Insurance. Lending and scheme eligibility requirements apply.

Can I combine the $30,000 grant with the 5% Deposit Scheme?

Potentially. The Queensland First Home Owner Grant is separate from Housing Australia's home-buying schemes, so qualifying for one does not automatically prevent you from qualifying for the other. Each scheme has separate eligibility requirements.

Where should first home buyers look around Brisbane?

The right area depends on your budget and lifestyle. Buyers seeking new homes often explore growth corridors across Moreton Bay, Ipswich, Logan and greater South East Queensland, where new residential communities and house and land opportunities are available.

Looking for Your First Home in Brisbane?

Buying your first home is a major decision, and understanding the available options can make the process much easier.

Whether you are comparing a Brisbane house and land package, a new home or another property opportunity, the Allwood Property Group team can help you explore suitable options based on your budget, preferred location and property goals.

Ready to start your property search?

Contact Allwood Property Group today to discuss current house and land opportunities across Brisbane and South East Queensland.