Big boost for Queensland first home buyers

The scheme provides a Queensland Government equity contribution of up to 30 per cent for new homes and 25 per cent for existing homes, enabling first home buyers to purchase a home with a smaller deposit and lower ongoing repayments.

The Queensland Government has doubled funding for the scheme to $330 million to deliver up to 2,000 places, with 50 per cent of these reserved for homes outside the south east corner.

Home buyers need to have saved a minimum 2 per cent deposit for the purchase price of a property up to $1 million.

For an existing property valued at $750,000, an approved applicant could receive a 25 per cent equity contribution from the Queensland

Government of up to $187,500. The applicant’s contribution would be a minimum of $15,000.

The scheme offers some of the most generous eligibility parameters across the country, accepting:

• singles with an income of up to $150,000 per annum
• households with two adults earning up to $225,000 per annum
• singles with dependants earning up to $225,000 per annum.

Boost to Buy applications are now open for up to 500 initial places with approved lender Unity Bank.

Other lenders will be considered to support the release of additional places which will roll out early in 2026.

Learn more about the eligibility requirements and the application process.