Boost To Buy Scheme Expands As More Queenslanders Enter Housing Market

More Queenslanders are stepping onto the property ladder, with the State Government expanding its Boost to Buy scheme and opening a second round of applications.

The program, designed to support first home buyers, has already helped 150 Queenslanders secure their first home since its launch, with an additional 500 places now being made available.

Under the scheme, eligible buyers can access a government equity contribution of up to 30 per cent for new homes and 25 per cent for existing properties, helping bridge the gap for those struggling to save a deposit.

Treasurer and Minister for Home Ownership David Janetzki said the response to the initiative had been strong.

“We are delivering more Queenslanders a place to call home through Boost to Buy," Treasurer Janetzki said.

“We're delivering what we promised – the right plan to unlock homeownership opportunities across Queensland.”

Applicants are required to have a minimum two per cent deposit and meet income thresholds, with half of all places reserved for regional Queensland buyers.

First home buyers Mitchell and Samantha Stanger said the scheme had made a significant difference for their young family.

“Even though we were working hard and saving, the deposit gap kept owning a home out of reach,” Mr Stanger said.

“With the Government’s equity contribution, we were able to buy and have payments we can manage and ultimately have the security of knowing we have a place to call home.”

The scheme forms part of a broader package of housing measures, including the First Homeowner Grant and stamp duty concessions, aimed at improving access to home ownership across the state.

Real Estate Agent Hands Over House Stock Photo 2212647767 | Shutterstock

CAPTION: The Government is delivering a place to call home for more Queenslanders by adding an additional 500 placements into its nation-leading home-ownership scheme, Boost to Buy. Photo source: Shutterstock

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