Help to Buy scheme

The Help to Buy scheme is an Australian Government scheme that will operate nationally to make it easier for low- and middle-income home buyers to buy a home.

The Queensland Government is working with the Australian Government to progress legislation that will allow the Commonwealth Help to Buy scheme to operate in Queensland.

Under this scheme, the Australian Government will provide an equity contribution to eligible Australians to buy their home of up to:

  • 40% for new homes
  • 30% for existing homes.

Home buyers will need to meet eligibility requirements to receive support under the scheme, including having a minimum 2% deposit on the purchase price for the home they want to buy.

Queensland will have approximately 2,000 of the 10,000 national places available each year for 4 years.

Read more about the Help to Buy Scheme and Commonwealth Help to Buy Bill.

What happens next

The Help to Buy (Commonwealth Powers) Bill 2024 has been introduced into Queensland Parliament and referred to the Housing, Big Build and Manufacturing Committee for detailed consideration.

Read more about the Bill and committee process.

If the Bill is passed in Queensland, the Australian Government will have a constitutional basis to progress the Commonwealth Help to Buy Bill 2023 in Federal Parliament.

We expect Queenslanders to be able to access the Help to Buy scheme by late 2024 if the Commonwealth Bill is passed.

Read more about the Commonwealth Help to Buy scheme.

More home buyer support

The Queensland Government also offers a:

Homes for Queenslanders

Under the Homes for Queenslanders plan, we have various initiatives to help first homeowners that will provide more pathways for Queenslanders to get into the market and own their own home.