Boost to Buy Scheme: How Queensland First Home Buyers Can Enter the Property Market with Just a 2% Deposit
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Looking to Buy or Refinance Your Home Loan?
The Queensland Government has announced a major initiative to support first home buyers struggling to enter the property market. Known as the Boost to Buy scheme, this shared equity program is part of the 2025–26 state budget and is designed to make homeownership more achievable—especially for those without access to financial support from family.
This article explains how the scheme works, who is eligible, and how Loan Nerds can help first home buyers in Queensland make the most of this opportunity.
What Is the Boost to Buy Scheme?
The Boost to Buy scheme is a shared equity program that allows eligible buyers to purchase a home with the help of the Queensland Government, which contributes a portion of the purchase price in exchange for an equity stake in the property.
This means buyers need a much smaller deposit and can borrow less from a lender—reducing their loan repayments and increasing their chances of home loan approval.
How Much Will the Government Contribute Under the Scheme?
- Up to 30% of the purchase price for new homes
- Up to 25% for existing homes
- Maximum property price: $1 million
This contribution significantly lowers the upfront costs and borrowing needs for first home buyers.
How Much Deposit Do You Need?
Under the Boost to Buy scheme, eligible buyers only need a 2% deposit—a much lower requirement than the typical 5% to 20% expected by most lenders.
This is ideal for buyers who have stable income but limited savings.
Who Is Eligible for the Boost to Buy Scheme?
To qualify, applicants must meet the following criteria:
- Income limits:
- Individuals: up to $150,000 annual income
- Couples: combined income up to $225,000
- Must be a first home buyer in Queensland
- Must live in the property as a principal place of residence
- Purchase price must not exceed $1 million
When Can You Apply?
Expressions of interest open on 1 July 2025. Buyers who are interested should start preparing their documentation and financial information now to be ready once applications open.
What Other Support Is Available for First Home Buyers in Queensland?
In addition to Boost to Buy, Queensland offers a number of other government incentives:
- First Home Owner Grant: $30,000 for eligible buyers of new homes valued under $750,000. Extended until June 2026.
- Stamp Duty Exemptions: From 1 May 2025, first home buyers purchasing new homes can receive full exemptions on stamp duty.
- Residential Activation Fund: A $2 billion investment to accelerate housing development, with a focus on regional Queensland.
Why Is the Queensland Government Introducing This Scheme?
Queensland has one of the lowest homeownership rates in the country. Many first home buyers are locked out of the market due to the large deposits required and rising house prices.
Premier Steven Miles said the scheme is about “leveling the playing field” for young Queenslanders and giving them the same opportunity to own property as previous generations.
How Loan Nerds Can Assist You
Navigating the home buying process can be complex, especially with new schemes like Boost to Buy. At Loan Nerds, we offer expert guidance to:
- Assess your eligibility for the Boost to Buy scheme.
- Connect you with lenders accommodating shared equity arrangements.
- Optimize your access to available grants and concessions.
- Structure your loan for long-term financial sustainability.
Our team is dedicated to helping you achieve your homeownership goals with confidence.
What Should First Home Buyers Do Next?
- Check your eligibility based on income, deposit, and property value.
- Speak with a mortgage broker who understands the Boost to Buy scheme.
- Get pre-qualified so you’re ready when expressions of interest open on 1 July 2025.
Final Thoughts: Is This a Good Time to Buy?
For first home buyers in Queensland, the Boost to Buy scheme presents one of the best opportunities in recent years to get into the property market with minimal deposit and government support.
With additional incentives like the First Home Owner Grant and stamp duty exemptions, now could be the right time to take the first step.
Need Help? Speak to a Loan Nerds Mortgage Broker Today
If you’re a first home buyer in Queensland, Loan Nerds can guide you through the process from start to finish.
Contact us for a free consultation and see how we can help you secure your first home with expert advice and personalised support.
Looking to Buy or Refinance your Home Loan?
At Loan Nerds, we are committed to guiding you towards your homeownership goals with expertise and a personal touch. Your dreams matter to us, and we are here to make them a reality.
