QLD First Home Owner Grant Extended: $30,000 Locked In to 2030 (the $15,000 Drop Never Happened)

By Chaice Paterson, Founder, Low Deposit Homes | Updated 3 July 2026

Update, July 2026: the drop never happened. The $30,000 Queensland First Home Owner Grant was due to halve to $15,000 for contracts signed from 30 June 2026 — but the 2026–27 Queensland Budget locked the full $30,000 in for four more years, to mid-2030. If you’re buying or building a brand-new home in Queensland under the $750,000 cap, you still get $30,000 — and there’s no deadline rush.

Did the Queensland First Home Owner Grant drop to $15,000?

No. The $30,000 grant is still available and is now locked in until mid-2030. The scheduled reduction to $15,000 on 30 June 2026 was cancelled when the Queensland Government committed more than $70 million in the 2026–27 Budget to extend the full grant for four more years — confirmed on the government’s A Place to Call Home initiative page. Many websites still say the grant dropped — they’re out of date.

How long is the $30,000 grant locked in?

Four more years — to mid-2030. The grant had been legislated to revert to $15,000 for contracts signed on or after 30 June 2026; the 2026–27 Queensland Budget extended it instead. Full details and eligibility are on our First Home Owner Grant Queensland guide.

Who qualifies for the $30,000?

$30,000 goes to eligible first home buyers purchasing or building a brand-new home — a house, townhouse or unit never previously lived in — under $750,000 total value, anywhere in Queensland. You must be 18 or over, at least one applicant must be an Australian citizen or permanent resident, neither you nor your spouse can have owned Australian residential property before, and you must move in within 12 months and live there for 6 continuous months. There is no income test.

What else did the 2026–27 Budget lock in for first home buyers?

Two things worth as much as the grant itself: $0 stamp duty for Queensland first home buyers on new homes and vacant land — permanent, with no price cap, now enshrined in law — and the continuation of Boost to Buy, Queensland’s $330 million shared-equity scheme that lets eligible buyers purchase with as little as a 2% deposit. See our full breakdown of what the 2026–27 Queensland Budget means for first home buyers.

What does the extension mean for your deposit?

Illustrative example on a $750,000 brand-new home: under the federal 5% Deposit Scheme your deposit is $37,500 with no Lenders Mortgage Insurance; the $30,000 grant is paid at settlement; and you pay $0 stamp duty. An established home at the same price gets no grant, no stamp-duty exemption and — without the scheme — LMI on a low-deposit loan. Run your own numbers with the free Grant Eligibility Calculator and Borrowing Power Calculator.

What if I rushed to sign before 30 June 2026?

You lose nothing. Contracts signed before the old deadline and contracts signed after it both receive the full $30,000 — the extension simply removes the cliff. If you’re mid-purchase, nothing about your grant changes.

Frequently asked questions

When does the Queensland First Home Owner Grant drop to $15,000?

Not before mid-2030. The $30,000 grant was due to revert to $15,000 for contracts signed from 30 June 2026, but the 2026–27 Queensland Budget locked the full $30,000 in for four more years.

Does the $30,000 grant apply to established homes?

No. The Queensland First Home Owner Grant applies to brand-new homes only — a house, townhouse or unit that has never been lived in or sold as a place of residence, under $750,000 total value.

What is the price cap for the Queensland grant?

$750,000 total value, including land. House and land packages qualify as long as the combined value stays under the cap.

Is there an income limit for the grant?

No. The grant is not means tested — eligibility is about being a genuine first home buyer purchasing a new home, not about how much you earn.

Can I combine the $30,000 grant with the 5% Deposit Scheme and $0 stamp duty?

Yes. Eligible Queensland first home buyers can stack all three on the same new home: a 5% deposit with no LMI under the federal scheme, the $30,000 grant at settlement, and $0 stamp duty with no price cap.

Explore more first home buyer guides

General information only, current as at June 2026 — not financial or credit advice. Grant amounts, caps and dates are set by the Queensland Government and can change; confirm current details and your eligibility before acting. Low Deposit Homes operates under Winning Homes Australia Pty Ltd.