Delivering reliable energy system and home ownership dreams

The Queensland Government is delivering a place to call home and an energy system that will provide long-term cost-of-living relief for households.

The 2025-26 Budget charts the state’s new energy roadmap with more than$5 billion for state-owned businesses to invest across the energy supply chain.

Budget also opens the door to home ownership with the extension of the First Home Owner Grant, abolishment of first home stamp duty and nation-leading Boost to Buy scheme.

The Queensland Government is delivering generational change to help reduce household power bills and provide places for more Queenslanders to call home.

The 2025-26 Queensland Budget includes more than $5 billion for state-owned corporations to invest across the energy supply chain.

The Budget brings the total investment in the CopperString transmission project to a record $2.4 billion by 2028-29, while delivering $1.6 billion over five years to support the Electricity Maintenance Guarantee and $435 million in 2025-26 to progress three pumped hydro projects.

The Government will also deliver its Supercharged Solar for Renters plan, targeting current renters by providing rebates of up to $3,500 to eligible landlords for the installation of solar panels.

The program is expected to help about 6,500 households.

In addition, CleanCo is investigating a new open-cycle gas turbine at Swanbank while Stanwell is progressing the Lockyer Energy Project.

Further investments in the state’s power system will be made under the Government’s new energy roadmap, to be released this year.

The five-year roadmap will be a credible plan for the state’s energy system focused on the investment and market outlook to 2030, providing certainty for investors, communities and consumers.

The Queensland Government is also focused on unlocking land for new housing, building better communities, boosting home ownership, easing pressure on rents and helping vulnerable Queenslanders put a roof over their head.

Measures to help more Queenslanders purchase their own home include:

• extending the boosted $30,000 First Home Owner Grant until 30 June 2026 for new builds. It is estimated to put an extra $60 million in the pockets of Queensland’s first home buyers, helping thousands to achieve the Australian dream
• the nation-leading Boost to Buy scheme will help reduce the deposit gap for first home buyers and deliver a place to call home for more Queenslanders sooner. It allows for a government equity contribution of up to 30 per cent for new homes and 25 per cent for existing homes
• abolishing stamp duty for eligible first home buyers purchasing or building a new home in Queensland. In Brisbane North, that’s a saving of almost $39,500 for a house and land package at the median price, and a saving of more than $24,000 in Toowoomba
• first home buyers who receive a First Home Owner Grant or transfer duty concession can also rent out a room in their newly purchased home without losing those benefits.