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LUXURY HOMES AUSTRALIA

QUEENSLAND FIRST HOME OWNER GRANT

How to apply for a First Home Owner Grant

Processing time frame. Due to the large number of applications we receive every day, it is taking time to process them. We will let you know a decision as soon as we can. When you apply, make sure you provide all requested documents.

The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner.

If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.

The grant amount has varied since it was first introduced in 2000. Contracts dated earlier than 1 July 2018 may still be eligible for a grant.

You can buy off the plan or choose to build yourself.

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.

This guide explains how and when to apply for the first home owner grant, the documents you need to include when applying and your obligations after receiving the grant.

Check your eligibility

If you meet the following criteria, you might be eligible for a first home owner grant.

Unless you are an owner builder, you must have a signed contract to buy or build your first home before applying.

Age

You (and any co-applicants for the grant) are natural persons aged 18 years or older.

New home

The home you are buying or building must be new and valued less than $750,000 (including land).

new home is a brand new dwelling (e.g. house, unit, duplex, townhouse; or granny flat built on a relative’s land) that has not been previously occupied as a place of residence or sold as a place of residence.

The grant may also be available for:

  • established homes that have undergone substantial renovations before you bought the house
  • homes that have been moved from one site to another, as long as the home has not been occupied since being fixed to the new site (including kit homes, manufactured homes).

Citizenship

You must be an Australian citizen or permanent resident (or applying with someone who is).

If you are applying for the grant as a joint applicant—for example, you are not a permanent resident but your spouse is an Australian citizen—you may be eligible for the grant if you meet the other eligibility requirements.

A permanent resident holds a permanent visa, or is a New Zealand citizen with a special category visa, as defined by the Migration Act 1958 (Cwlth).

A New Zealand citizen with a special category visa must have a current New Zealand passport to be a permanent resident.

You can check if your visa is permanent or temporary by clicking on its subclass in the visa list.

Previous grant recipient

You or your spouse must not have previously received a first home owner grant in any state or territory of Australia. If you received a grant that you later paid back, together with any penalty, you may be able to reapply for the grant.

Previous home ownership

You or your spouse must not:

  • currently own property in Australia that you live in
  • have previously owned property in Australia that you lived in
  • have owned a home before 1 July 2000, whether you lived in it or not.

Investment properties

If you have owned an interest in residential property since 1 July 2000 that has been solely used for investment purposes, you may be eligible for the grant on a subsequent property.

You will need to show that you have not lived in the investment property by providing evidence that covers the entire period of ownership:

  • tenancy or lease agreements
  • electricity or phone accounts
  • tax return details declaring the rental property.

Residence requirements

You must move into your brand new home as your principal place of residence within 1 year of the completed transaction, and live there continuously for 6 months.

You can rent out one or more rooms in the home during your 6-month residency period, as long as this arrangement doesn’t affect your use of the home. However, renting out any rooms in the first year after you move in may affect your eligibility for the first home concession or a first home vacant land concession.

While the residence requirements for the grant are similar to those for the first home concession, the grant and concession are separate benefits; you need to meet the requirements in each case. For example, you can rent the home out before moving in and keep the grant, but you may lose the first home concession.

You may be required to verify that you have met these requirements later, by providing documentation supporting the period of occupancy for all applicants.

Compare the requirements for first home concessions and the first home owner grant.

Disqualifying criteria

Even if you meet the eligibility criteria, there are some circumstances that may stop you from getting the grant. For example:

  • you are a trust or company (i.e. not an individual)
  • the new property (home and land) is valued at $750,000 or more
  • you enter into an arrangement to get the grant, but don’t use it to buy a new home
  • you held an interest in residential property before 1 July 2000, regardless of how the property was used
  • you buy or build your new home with financial help from a related person (who is not eligible for the grant) who will also stay in the home often, for long periods of time, or for genuine family reasons. (Money borrowed from a bank or lending institution is not considered to be financial help.)

If there is a disqualifying arrangement, we will not pay the grant. If the grant has already been paid, you will have to repay it.

In exceptional circumstances, the Commissioner of State Revenue may use discretion in relation to some eligibility criteria. For example, if you:

  • are under 18 years of age
  • move into the home after 1 year
  • live in the home for less than 6 months.

Understand your obligations

Anyone who will own any part of your new home must be included on the application for a first home owner grant. You only need one application for your new home, regardless of the number of applicants, because one grant is payable per new home.

If you have a spouse, they must be included on the application—either as an applicant or non-applicant spouse.

You must submit the application and it must be:

  • signed by all applicants
  • witnessed
  • completed in full
  • accompanied by supporting documentation (e.g. proof of identity, contract, final inspection certificate). Other home owner grants (i.e. HomeBuilder, Regional home building boost) have different requirements about which documents have to be supplied and when.

The application form has a checklist that tells you what documents you need to supply.

Making sure you don’t lose the grant

To keep the grant, all applicants must meet these residence requirements:

If you are unable to meet these residence requirements, you must tell us within 14 days. The best way is to send an email using the online enquiry form. Select Home buyer grants as the subject of enquiry.

Depending on your circumstances, you may have to pay back the grant because you are no longer eligible.

There are penalties if you don’t tell the Queensland Revenue Office within 14 days of finding out that you are unable to meet these conditions. Read the public ruling on penalty amounts (FHOGA047.1).

You may be required to verify that you have met these requirements later, by providing documentation supporting the period of occupancy for all applicants.

And while the residence requirements for the grant are similar to those for the transfer duty concessions, the grant and concessions are separate benefits—you need to meet the requirements in each case. For example, you can rent the home out before moving in and keep the grant, but you will lose the transfer duty concession.

Compare the requirements for first home concessions and the first home owner grant.

How and when to apply

You must apply for the grant within the following timeframes.

  • Buying your home
    You must apply within 1 year of taking possession of the new home and your title being registered.
  • Contract to build
    You must apply within 1 year of the new home being completed; for instance, the final inspection certificate being issued.
  • Owner–builder
    You must apply within 1 year of the new home being completed; for instance, the final inspection certificate being issued.

In some special cases, this period may be extended. If you are applying outside the application period, you need to include in your application a written statement explaining your circumstances.

Using the grant as a deposit

The grant is paid at different times depending on how and when you apply, and whether you are building or buying. For this reason, it’s best not to count on using the grant as a deposit.

You do not need a deposit to apply for the grant itself.

The grant is paid per new home and not to each of the applicants for the same home.

Ways to apply

There are two ways to submit an application for the Queensland First Home Owners’ Grant:

  • through an approved bank or lending institution
  • with the Queensland Revenue Office (by post or email).

Applying through banks and lending institutions

If you need the funds for settlement or want to receive the grant as soon as possible, apply through an approved agent (e.g. bank or lending institution). Take your completed application form and all supporting documentation (which must include the signed and dated contract to buy or build your new first home, if applicable) to the agent to process the grant.

Your agent can also accept scanned applications, as long as these are:

  • complete
  • signed and witnessed
  • clearly legible.

They will confirm your eligibility and manage your application.

There are penalties for giving false or misleading information.

Applying to the Queensland Revenue Office

If you are building or buying your new home (either under a contract or as an owner-builder) and applying for the grant directly with us, the grant is not paid until you have supplied us with the final inspection certificate. Other home owner grants (i.e. HomeBuilder, Regional home building boost) have different requirements about which documents have to be supplied and when.

You can apply by post or email.

Post

Post your completed application form and all supporting documentation (which must include the signed and dated contract to buy or build your new first home, if applicable) to:

Queensland Revenue Office
GPO Box 953
Brisbane Qld 4001

Email

We will also accept scanned applications, as long as these are:

  • complete
  • signed and witnessed
  • clearly legible.

Email your scanned application to fhogadmin@treasury.qld.gov.au.

Once your application is submitted, we will process most applications within 10 working days of receiving all the required information. This may take longer if we are processing a large number of applications or if applications are incomplete —make sure you provide supporting documentation by using the form’s checklist. If you apply through an approved bank or financial institution, you may get the grant sooner.

We may contact you for more information to confirm your eligibility for the grant.

There are penalties for giving false or misleading information.

When the grant is paid

The grant is paid at different times depending on how and when you apply, and whether you are building or buying. For this reason, it’s best not to count on using the grant as a deposit.

You do not need a deposit to apply for the grant itself.

Applying through banks and lending institutions

If you have applied through a bank or lending institution, the timeframe for payment is generally:

  • at settlement, for buying a new home (including off-the-plan purchases)
  • on the first drawdown of funds, for contracts to build your new home
  • on receipt of a final inspection certificate, for building your new home as an owner–builder.

Applying to the Queensland Revenue Office

If you are buying or building your new home (either under a contract or as an owner-builder) and applying for the grant directly with us, the grant is not paid until you have supplied us with the final inspection certificate. Other home owner grants (i.e. HomeBuilder, Regional home building boost) have different requirements about which documents have to be supplied and when.

Type of transactionWhen grant is paid
Buying your home

When you have a registration confirmation statement showing your name on the title of the property

There are other conditions for instalment-purchase and vendor finance contracts

Building your homeWhen you have a final inspection certificate

 

 

Luxury Homes Australia have assisted our clients to use property as a vehicle to create substantial wealth. Insightful well-managed property investment provides ongoing income, capital growth and tax advantages.

Phone:

Mobile: 0409 255 072
Office 1300 680 690

Address:

Level 13/50 Cavill Ave.
Surfers Paradise QLD 4217

Email:

info@houlamation.com

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With 10 years of experience and working with many Developers all over Australia. Luxury Homes Australia knows how to help you to succeed in the property market.

CONTACT US

Mobile: 0409 255 072   Office 1300 680 690
info@houlamation.com
Level 13/50 Cavill Ave. Surfers Paradise QLD 4217

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