- Free Of Charge Service!
- 0414 646 513
- 36 Marine Parade, Southport QLD 4215
- 36 Marine Parade, Southport QLD 4215
- 0414 646 513
- Free Of Charge Service!
- Free Of Charge Service!
If you’ve been sitting in front of your computer working numbers on how you’ll ever save a 20% deposit for a home in Queensland, you’re not alone. For years, that big deposit has been the number one roadblock for first home buyers. Sure, you could pay LMI and go forward with a smaller deposit but lets be honest, nobody wants to pay for extra insurance!
However, circumstances are about to change for First Home Buyers. From 1 October 2025, first home buyers won’t need to wait a decade to scrape together $100k+ for a 20% deposit.. Thanks to the updated 5 % deposit scheme (part of the Home Guarantee Scheme), getting into your first home in QLD just became much more realistic.
Let’s break this down with a real-world example:
A new first home buyer home in SE QLQ valued at $850,000 would traditionally require a 20% deposit. In this example a 20% deposit would be $170,000. Now with the Amended Home Guarantee Scheme a 5% deposit would only be a $42,500 deposit!
That’s a difference of $127,500 or, to put it in another way, around thirteen years of savings for the average Aussie first home buyer(s).
This isn’t just about smaller deposits, it’s about broadening your options.
Queensland is one of the fastest-growing states in Australia. Did you know Brisbane’s population is tipped to grow by more than 1.2 million people by 2046? That means demand for housing will only climb. Getting in now, with government support, means you’re buying in before the squeeze gets tighter.
And with the update:
It’s not just about scraping in it’s about being able to buy the home you really want.
Let’s be honest: buying your first home isn’t just about “getting in” it’s about setting yourself up. That’s why many buyers are choosing brand new homes.
You get $30,000 from the First Home Owners Grant (FHOG) in QLD if you buy new. (The total value of the home (land + build) must be under $750,000.)
New builds mean no surprise repairs or renos.
You get builder warranties for peace of mind.
New homes are built with modern energy standards, saving you money on bills.
You get to choose layouts and designs that suit your lifestyle.
Stack the 5 % deposit scheme with the FHOG, and suddenly owning a $750,000 home became a deposit of only $36,000!
Fact: Did you know buyers of brand-new homes often have lower running costs in the first 10 years compared to older properties? That’s thousands in savings you can put toward your mortgage instead of fixing leaky roofs!
If you’re in Queensland and you’ve been watching house prices inch up every month, this is the moment to act. Here’s how to prepare:
What does that look like for the type of home you want?
See what you qualify for and lock in your plan.
Logan, Yarrabilba, South Maclean, Caboolture, and Flagstone are growth hotspots.
So when the scheme opens in October 2025, you’re ready to move.
For QLD first home buyers, the updated 5 % deposit scheme isn’t just another government announcement it’s THE sign they have been looking for to dive into the market. It takes away the biggest 3 hurdles; saving a massive deposit, paying LMI, and being boxed out by price caps.
When you add the First Home Owners Grant and other incentives, you’re not just getting into the market sooner, you could be moving into a brand new home that’s bigger, smarter, and more affordable to own long-term.
Stop renting, stop waiting, and start planning for a home that’s truly yours!
Don’t let the process of owning a new home become overwhelming. We are here to help – at no cost to you!