First Home Buyers
Low Deposit & No LMI Options house and land packages In QLD for First Home Buyers available
Owning your own home doesn’t have to be difficult! We will help you every step of the way at no cost.
QLD First Home Buyer's Government Incentives
Buying your first home in QLD is now easier than ever.
Here’s what’s on offer:
No stamp duty on vacant land for eligible first-home buyers.
Amended Home Guarantee Scheme– buy with just a 5% deposit and no LMI, with higher price caps giving you more choice.
Plus, new rules mean you can even rent out a room which can also boost your borrowing capacity whilst still also enabling you to keep your first-home concessions.
This means: Less upfront cost, less upfront deposits, and a bigger chance to own your home sooner.
Ready to get your foot in the property market? Contact us today for expert help and guidance!
Important Considerations For First Home Buyers
As a first home buyer, there are a few things to consider before you start your property journey!
Is the property priced too high?
To assess this, compare the property to recent sales in the area, consider current market conditions, and evaluate factors like location, size, and build quality.
Are there better options available?
That depends on your budget, goals, and timing. There may be other properties offering better value, location or growth potential, so it’s worth exploring a range of options before committing.
Which builders will give me the best service?
Look for builders with strong reputations, transparent contracts and consistent communication. Reading reviews, checking credentials, and viewing past work can help you make an informed choice.
What repayments are you comfortable with?
This comes down to your income, expenses, and lifestyle. Speaking with an expert broker at Property Acquire will ensure you get a loan perfectly suited to your circumstances.
Our discovery call process
First Home Buyer's Frequently Asked Questions
What does "off market" land opportunities mean?
This is house or land that is not available to the general public – you won’t be able to buy these from realestate.com.au. They are made exclusively available to Property Acquire from our network of builders & developers.
Do I pay for your service?
No, our service is completely free to you. There are no hidden fees.
How much deposit do I need?
This depends on the purchase price but generally most people need 5% for example if the house and land costs $750k you will need $45k – this can be made up of cash savings; kiwi saver; monetary gift.
How long does the building process take?
Once the builder is on-site and construction begins, homes are typically completed within 6 months.
What costs should I be prepared for besides the deposit?
Our finance team will factor all of these into your loan.
Solicitor’s fees – approx. $2,500
Stamp Duty – As of Jan 2025, the QLD Government is scrapping stamp duty on all new builds (winning!)
Bank fees and charges – Usually around $1,000, depending on the lender, and often included in the loan.
Lenders Mortgage Insurance (LMI) – this “fee” is sometimes unavoidable however there is some government assistance that may allow you to be exempt. This is something to consider and definitely requires further discussion.
What is LMI?
LMI stands for Lenders Mortgage Insurance. From October 2025, eligible first home buyers can purchase with just a 5% deposit without paying LMI.
How much does house & land cost?
Entry level into well sought after areas of SE Qld for a new home is generally $700-$750k.
When do I start making mortgage repayments?
Loan repayments start once the buyer takes ownership of the land but note the repayments are only based on the amount of money drawn down note the entire build/loan amount – eg. If the land component of a house/land build is $340k land, $380k for house – the first few repayments will only be calculated on the land until construction starts on your house.
How can I afford to pay rent and my mortgage?
Repayments during the construction process are INTEREST ONLY as the money is getting drawn down. This is not the full Principle & Interest amount that you will be repaying during the 30-year loan period. The full monthly loan repayment amount on the total loan does not commence until the construction is completed, and the full loan amount is drawn down. This makes the juggle of rent more achievable during the build phase until you move into your new house and out of your rental.
What our Happy Clients Say about Us!
Let's talk about your first new home.
Ready to purchase your first new home? Reach out to our expert team today to start your journey.