The Queensland government has increased its budget for housing and public works, handing out AU$1.02 billion over five years from 2025 to 2026 as part of a record AU$5.73 billion investment.
The government is unlocking home ownership for more Queenslanders with the Boost to Buy home ownership scheme, First Home Owner Grants and no stamp duty for first home buyers on new homes.
The permanent abolition of stamp duty for first-home buyers is projected to provide more than AU$60 million in savings each year.
Since the initiative was introduced in May 2025, more than 3,500 first-time buyers have already saved an aggregate AU$66 million.
The budget also locks in AU$72 million over four years to sustain the state’s AU$30,000 First Home Owner Grant.
Alongside the nation-leading ‘Boost to Buy’ shared equity scheme, which has already transitioned more than 100 Queenslanders into their own properties, the government intends to lift the state from the bottom of national home ownership rankings to the top within ten years.
Queensland Treasurer David Janetzki said the budget was unlocking home ownership for more Queenslanders.
“We are delivering a place to call home for more Queenslanders by unlocking home ownership sooner,” Janetzki said.
“We know the dream of home ownership has slipped out of reach for too many, which is why we’re cutting the costs that hold people back.”
In tandem with private sector incentives, the government is delivering a historic AU$5.72 billion investment to construct new social and community housing, the biggest ever investment in the sector.
The funding will support a pipeline of more than 6,500 homes currently under development.
Furthermore, frontline homelessness and crisis accommodation services will receive a AU$450 million injection, securing more than AU$1 billion in specialist funding over the next four years.
Housing Minister Sam O’Connor stated the record pipeline would offer vulnerable residents long-term housing security while providing crucial funding certainty for frontline workers.
The funding blueprint contains no new or increased taxes.
