There’s nothing quite like the feeling of stepping into your first home. For first-home buyers across Queensland and New South Wales, the year brings a lot of opportunity and plenty to think about when choosing to build your first home.
Whether you’re just starting to look or already halfway through your Pinterest board of design ideas, this guide breaks down what support is available, what costs to expect, and what really matters when building your first home.
The Support You Didn’t Know You Had
Let’s talk about the good stuff first: government support.
Queensland:
$30,000 First Home Owner Grant (FHOG)
which is one of the most generous in the country right now. It’s available when building or buying a brand-new home, and it can make a huge difference to your deposit.
Stamp duty exemptions
On top of that, the QLD government is now offering full stamp duty exemptions for eligable first-home buyers.
New South Wales:
$10,000 First Home Owner Grant FHOG
NSW provide similar support through a $10,000 FHOG
Stamp Duty Exemptions
Stamp duty exemptions are available on properties up to $800,000, with discounts on homes priced up to $1 million.
Federal schemes, like the Home Guarantee Scheme are also available, which allows you to buy with as little as 5% deposit (or 2% for single parents) without paying Lender’s Mortgage Insurance. There are also shared equity programs now active in both states, where the government can help cover up to 40% of the property price – cutting your mortgage down and making homeownership that much more attainable.
What First-Home Buyers Are Really Spending
We get it, budgeting for a home build can feel overwhelming. Beyond your deposit, there are things like conveyancing, council approvals, soil testing, and site costs to consider. Then there are the extras like fencing, landscaping, blinds and appliances that can catch first-home buyers off guard.
That’s why NCL Homes offers fixed-price, turnkey house and land packages. No surprises, no hidden costs, and no stress. We include (almost) everything you need to move straight in, from quality finishes to basic landscaping (yay for grass not dirt), so you can confidently plan your finances from the start.
What to Focus on When Building
With so much information out there, it’s easy to get overwhelmed. But when it comes to building your first home, these are the things that really matter:
- Know your budget and stick to it.
It might sound obvious, but your dream home should never become a financial burden. A good broker can help you navigate grants, borrowing limits, and long-term affordability. - Choose a builder that offers fixed-price contracts.
This gives you peace of mind that there won’t be any budget blowouts along the way. - Think long-term.
Your first home doesn’t have to be your forever home, but it should still make sense in a few years. Look for layouts that offer flexibility and areas with growth potential or will generate a high rental yield. - Take your time at the pre-site stage.
Rushing this phase can lead to delays and missed details. The more thorough your builder is upfront, the smoother the rest of your journey will be. - Choose location wisely.
Both QLD and NSW have strong regional growth pockets (like Townsville and the Hunter region) where first-home buyers are getting great value. Areas like these also often offer additional support under federal and state schemes.
Building your first home can be an exciting opportunity, when the combination of grants, shared equity schemes, and market options is the strongest it’s been in years. Yes, there are a lot of moving parts, but with the right guidance and a builder who understands the first-home journey, you can make smart, stress-free decisions that set you up for the future.
Ready to start building? Make sure you’re taking advantage of every grant and support available, and most importantly, choose a team that’s with you every step of the way.
