In September 2012, the Queensland Government introduced a grant of $15,000 for first home buyers.
The Great Start Grant is a Queensland Government initiative to help first home owners to get their new first home sooner. You’ll get $15,000 towards building your new house, unit or townhouse (valued at less than $750,000). It’s a great opportunity to buy or build a new home in our great state.
How a $15,000 Great Start Grant can help you
- If you're thinking of buying or building a new home, this could be what gets you started
- It could get you something more than you were expecting
- It can get you into your first home sooner
Note: The Great Start Grant is administered under the First Home Owner Grant Act 2000.
To get you off to a great start you will need to confirm both your eligibility as a first home owner and whether the property you are buying is eligible too.
Application requirements
Anyone who will own any part of your new home must be included on the application. Only one grant is payable per new home and you only need one application for your new home, regardless of the number of applicants.
Your application must be:
- signed by all applicants
- witnessed
- completed in full
- accompanied by supporting documentation
Additional information
In order to determine whether or not you are eligible for the grant, you may be asked for additional information.
There are penalties for giving false or misleading information.
Application process
Once your application is submitted, the Office of State Revenue will process most applications within 10 working days of receiving all the required information. If you apply through an approved bank or lending institution, you may get the grant sooner.
Conditions and penalties
In some cases, they may pay the grant before you move into your new first home.
However, as a condition of the grant, you must tell the Office of State Revenue and repay the grant if you do not:
- complete the transaction of buying or building your new home
- move into the new home within 1 year of becoming the registered owner
- live in the new home for a continuous period of 6 months
There are penalties if you don't tell the Office of State Revenue within 14 days of finding out that you are unable to meet these conditions.
For more information see: https://firsthomeowners.initiatives.qld.gov.au
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