If saving a deposit has been the biggest hurdle between you and your first home, there's exciting news on the horizon.
A new beginning starts right here.
If saving a deposit has been the biggest hurdle between you and your first home, there's exciting news on the horizon. The Queensland Government has just announced Boost to Buy - a nation-leading shared equity scheme designed to help first home buyers get into the market sooner with as little as 2% deposit.
What is Boost to Buy?
Boost to Buy is a new government-backed initiative that helps eligible first home buyers purchase a home by contributing up to:
- 30% of the property price for new homes, or
- 25% for existing homes.
In simple terms, that means if you’ve saved just $15,000, you could be eligible to buy a new home worth up to $750,000 - with the government stepping in to help fill the deposit gap.
Who is eligible?
To qualify for Boost to Buy:
- You must be a first home buyer
- You’ll need a minimum deposit of just 2%
- The home must be valued at up to $1 million
You must earn:
- Up to $150,000 as a single, or
- Up to $225,000 combined as a couple
Expressions of interest open 1 July 2025, with the scheme designed to support up to 1,000 home purchases across the state. The Queensland Government has allocated $165 million to fund the program.
Why this matters
With Queensland’s home ownership rate sitting at just 63.5% - the lowest in the country - the Boost to Buy scheme aims to turn things around by putting the dream of owning a home back within reach for thousands of locals.
And it’s not the only initiative working in your favour right now:
- The $30,000 First Home Owner Grant has been extended
- Stamp duty has been abolished for first home buyers from May 1, 2025
What it means for you
At AUSMAR, we know how tough it can be to get a foot on the ladder - especially when it comes to saving for a deposit. With Boost to Buy, that challenge just became a whole lot easier.
Whether you’re just starting to explore your options or you’ve been saving for a while, our team can guide you through every step - with our panel of talented brokers to our AUSMAR team for land and home design.
Get ready - applications open 1 July
Want to find out if you qualify or start planning now? Get in touch with AUSMAR and let’s talk about turning your first home dream into a reality - sooner than you think.
Information source: Queensland Government Media Release