Ready to Own Your First Home in SEQ? Here's What You Need to Know

If you're under 35 and thinking about buying your first home in South East Queensland, you're probably feeling a mix of excitement and overwhelm. With property prices climbing, interest rates shifting, and a million headlines telling you to wait or buy now, it's hard to know where to start. But here's the thing: if you're earning a steady income and ready to get serious, buying a home might be a lot more achievable than you think.

Why First Home Buyers Should Act Now

The South East Queensland property market is heating up. Median house prices in Brisbane have surged to over $975,000 in 2025, and that growth is showing no signs of slowing down. For first home buyers, this means that waiting could cost you more than acting now. Property values are expected to keep climbing thanks to continued interstate migration, infrastructure investment (hello Cross River Rail), and high rental demand.

That said, we're not here to pressure you into buying something you're not ready for. We're here to show you how the system actually works, what you may already qualify for, and how to build a personalised strategy that helps you move forward confidently—even if you're not ready to buy tomorrow.

What Help Is Available for First Home Buyers in Queensland?

1. First Home Guarantee Scheme (FHBG)

The Federal Government's FHBG allows eligible first home buyers to purchase a property with just a 5% deposit, without having to pay Lenders Mortgage Insurance (LMI). This could save you anywhere from $10,000 to $30,000 depending on your property and deposit size.

To be eligible:

• You must be an Australian citizen or permanent resident.
• You must live in the home as your primary residence.
• You must not have owned property in the last 10 years.
• Individual income must be below $125,000 or $200,000 for couples.

2. Stamp Duty Concessions in Queensland

As of 1 May 2025, the Queensland Government has expanded its first home buyer transfer duty concessions. If you're purchasing a home under $700,000, you could be eligible for a full exemption. This could save you up to $17,350 in upfront costs.

3. First Home Super Saver Scheme (FHSSS)

This allows you to withdraw voluntary super contributions (up to $50,000 for individuals or $100,000 for couples) to use towards your first home deposit, which can reduce your tax and fast-track your savings.

But What If I Don’t Have a 20% Deposit?

This is one of the biggest misconceptions we see. Many first home buyers assume they need a 20% deposit plus stamp duty and other costs. In reality, with the right guidance and the help of schemes like the First Home Guarantee, you may be able to get into your first home with less than 10% all up. This is where speaking to a mortgage broker who specialises in first home buyers is so important.

What Makes Loan Market Clayfield Different?

We work with dozens of lenders across Australia to match you with the right product for your situation. But more than that, we take the time to educate you on your options, walk you through every step, and ensure you feel empowered—not overwhelmed.

Our clients include young professionals, solo buyers, couples, and single mums who want to understand what they can do now to set themselves up for the future. We’re not about pushing a one-size-fits-all solution. We’re about helping you create a clear, realistic plan that fits your life.

Here's What You Can Expect:

• A judgement-free conversation about your finances and goals.
• A step-by-step breakdown of how to get pre-approval.
• An understanding of what price range you can afford.
• A strategy session (free) to explore your options even if you're not ready to buy yet.

Want to Get Started?

You don’t have to have all the answers right now. You just need to be curious enough to ask the first question. Whether you want to buy in six weeks or six months, we’re here to help.