Home Building Grant Information
Home Building Grants For NEW Home Builders
Australian Government 5% Deposit Scheme
This scheme allows first-home buyers (and eligible others, e.g., single parents) to purchase a home with a minimum deposit of 5% (or 2% for single parents/legal guardians in their own scheme) and no Lenders Mortgage Insurance (LMI) requirement because the government provides a guarantee to the lender. firsthomebuyers.gov.au+2NAB+2
There are no income caps for the scheme from 1 October 2025 onward and there are unlimited available. Other conditions may apply. NAB+2
First Home Super Saver Scheme (FHSSS)
This is a scheme to help first‐home buyers save for a home by making extra voluntary contributions into their superannuation fund, taking advantage of tax-effective savings, and then withdrawing those amounts (plus earnings) to use toward a deposit.
You can contribute up to $15,000 per financial year of eligible contributions. firsthomebuyers.gov.au+1
A lifetime maximum of $50,000 contributions can be released under the scheme. Australian Taxation Office+1
When you withdraw, there are tax and super-implications (you’ll include the released amount in your tax return for that year).
A one‐off grant payment available to eligible first‐home buyers who buy or build a new home (not an established/resale home) in Queensland. Queensland Government+2Savings.com.au+2
In Queensland, for contracts signed between 20 November 2023 and 30 June 2025, the amount is $30,000. After that it reverts to $15,000 from 1 July 2026.
The property must be valued below a threshold: currently less than $750,000 (including land and home).
First Home Concession – Queensland (Stamp Duty Relief)
A concession or exemption on transfer duty (stamp duty) for eligible first home buyers in Queensland. Queensland Government+1
From 1 May 2025, for new homes or vacant land intended for new build, there’s a full stamp duty exemption with no price cap in certain cases.
For established homes, concessions apply up to certain values (for example homes valued up to ~$800,000 or so) and then phasing out.
This is not legal advise and we suggest that you contact the relevent Goverment Department to assess your eligility.
Based on information published 2.11.25
Are you eligible for a new home grant?
Potentially yes! Here’s the fine print:
According to qld.gov, to be eligible for the grant:
- You must be at least 18 years of age.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spouse must not have previously owned property in Australia that you lived in.
- You must be buying or building a brand new home.
- The value of the new home including the land is less than $750,000.
- You must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
- Note: this information is subject to change and is offered as a guide only, please refer to the relevant organisation in your state for up to date information
- Queensland First Home Owners’ Grant | Homes and housing | Queensland Government (www.qld.gov.au)
Apply For Your New Home Grant
The application process starts by checking your eligibility.
As wonderful as this all sounds, it’s important to acknowledge your responsibilities as the recipient of the grant. Feel free to explore further details regarding your obligations.
Next, you want to plan the timing. Grants have a limited window of eligibility and you want to use the funds wisely and inside their eligibility window. Working with Vivid’s team can help ensure you don’t lose your funds or apply at the wrong time, only to miss out because of a building error or lag in the process. Prior to submitting your application, we suggest acquiring additional information about the timing details.
Finally, acquiring the funds. Discover everything you need to know about the disbursement of grant funding.
As Wonderful As This Sounds, It Can Be Confusing And We Can Help You.
Many new home building clients want to apply for grant funding, as they should. The tricky part of aligning the funding with the land, design, and scheduling is the tricky part. We can help you with that. If you’re ready to see how to apply the Queensland grant to your first-time home purchase, reach out to our team for help.
You can read the full details of the Queensland government grant here. Please note that the information on this page is subject to change. Refer to the link above for the most up-to-date information on the Queensland grant program and reach out to our team for support.
