First Home Buyer Grants QLD › Can first home buyers use the First Home Guarantee in Queensland?

Can first home buyers use the First Home Guarantee in Queensland?

Yes. The First Home Guarantee lets eligible buyers purchase with a 5 percent deposit and pay no lenders mortgage insurance. The Queensland price cap is $1,000,000 in Brisbane, the Gold Coast and the Sunshine Coast, and $700,000 in the rest of Queensland.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

For most Queensland first home buyers the First Home Guarantee is the standout federal scheme, because avoiding lenders mortgage insurance on a low deposit can save more than the cash grant itself. It is applied for through a participating lender and can sit alongside state help.

The key points

Buy with a 5 percent deposit and pay no LMI.
Queensland caps: $1,000,000 in Brisbane, the Gold Coast and the Sunshine Coast, and $700,000 in the rest of Queensland.
Applied for through a participating lender.

Free Grants Check

Want to know what you could claim?

Answer a few quick questions and we can confirm your first home options across a panel of more than 70 lenders.

Check Your First Home Options

A few quick questions, no obligation.

What is your goal?

Buy a home or investment property First home, next home, or adding to your portfolio Build a house or develop land New build, renovation, duplex, or subdivision project Lower my current repayments Better rate, release equity, or restructure existing debt Finance an established commercial property Business premises or commercial investment asset

Tell us a bit more about the plan

How do you earn your income?

Standard salary or wage Full-time, part-time, or casual employment (PAYG) Self-employed or business owner Sole trader, company director, or contractor

How is your credit score?

This helps us match you to the right lender from the start.

Healthy No issues that I am aware of A few small marks A couple of late payments, now caught up Not sure, or it is complicated We work with specialist lenders for these situations

Last step. Where should we send your options?

Your information is private and we will never share it.

First Name

Last Name

Email Address

Australian Mobile Number

By submitting, you agree to be contacted by one of our team of licensed mortgage brokers. No obligation. No spam.

You're all set.

We've received your details. One of our friendly brokers will reach out within 1 business day to help guide you through your options.

More first home buyer grant questions in Queensland

Back to the full First Home Buyer Grants Queensland guide

General information only. This page provides general information based on first home buyer settings current in 2026. It is not financial advice, a quote, or a guarantee, and your personal circumstances have not been considered. Grant amounts, caps, eligibility and scheme places change and vary by circumstance, and some help applies only to new homes. Always confirm current grants and your eligibility with the Queensland Revenue Office, Housing Australia, or a licensed mortgage broker. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.