There is more time to take advantage of this $ 30,000 sacrifice.
A month after its granting of timbre taxes of the new homes began, the Queensland government has now confirmed greater relief for buyers of the first house by extending its first subsidy of the owner of the house (FHOG) until June 30, 2026.
Initially, expire to expire at the end of June 2025, the State has now extended the subsidy of $ 30,000 for another year.
Each state in Australia sacrifices some variation of the FHOG, which is a global sum of cash to help first -home buyers to buy their first home or empty lands to build.
In the case of Queensland, the FHOG is one of the largest in the country, with a value of $ 30,000, and is sacrificed to buyers or builders of first house or new homes.
NSW, Western Australia, Tasmania and Victoria offer $ 10,000, southern Australia sacrifices $ 15,000 and the North territory sacrifices the largest subsidy with $ 50,000, which also recently extended.
To be eligible, contracts must be signed between November 20, 2023 and June 30, 2026, and for the owners, the foundations must be established between these dates.
The total value of the house and the land must be less than $ 750,000.
The announcement is produced after the State Timbre Taxes granting for buyers of first -home houses of the new homes, after first announced in February 2025.
Since it entered into force in May 2025, the complete granting of bell taxes in the new homes has saved the buyers of the first house an average of $ 16,996, according to the state government.
Prime Minister David Crisafulli said that the extension of the FHOG would ensure that the Queenslanders could reach the property scale before.
“We are urlando to the property of the house for thousands more than Queenslanders who have bones locked up from their first home for too long,” said Crisafulli.
“Promoting the first subsidy of the owner of the house and fulfilling our promise to abolish the bell tax for the first buyers in new homes is also driving more houses that will be built throughout our state.
“It is more money in buyers’ pockets for the first time, putting the great Australian dream available.”
The treasurer and minister of housing property, David Janetzki, said that policy is part of the state government’s priorities to support the home.
“Supporting the first housing buyers in Queensland is about creating opportunities, eliminating financial barriers and making the property of housing for more queenslanders,” said Janetzki.
“Every queenslander deserves a place for calling home, and we are committed to keeping alive the great Australian dream of housing owned in this state.”