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.

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) Act 2024 has referred matters to the Commonwealth Parliament for Queensland to give the Australian Government the constitutional basis needed to progress the Commonwealth Help to Buy Bill 2023, and establish the Help to Buy scheme and allow it to operate in Queensland.

We expect Queenslanders will be able to access the Help to Buy scheme by late 2024 if the Commonwealth Bill passes (depending on further advice from the Australian Government).

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.