Boost

Boost home ownership by making it easier to enter and stay in the market

Home ownership has a positive impact on people’s health and wellbeing by providing a stable and secure place to live. It also gives people:

• greater control over how their home is managed and maintained
• stronger connections to their community
• flexibility to modify their home as their needs change.

For many Queenslanders, choosing to buy a home represents long-term financial security and stability. It also plays an important role in:

• supporting renters to transition into home ownership
• helping to reduce pressure in the rental market.

We’re strengthening pathways to home ownership and supporting more Queenslanders to achieve the dream of owning their own home.

Key initiatives

Our goal for Queensland

Queensland’s home ownership rate is 63.5%, one of the lowest in Australia.

We are committed to increasing this rate over the next decade, with the goal of making it the highest in the nation. This will mean more Queenslanders have the opportunity to purchase their own home and benefit from improved housing stability and financial security.

A sustainable approach

We’re prioritising boosting housing supply to increase home ownership rates. This approach:

• is effective and sustainable
• improves housing affordability and availability
• supports more Queenslanders to achieve the dream of home ownership.

Expanding pathways into home ownership

We’re working to address barriers to home ownership so more Queenslanders have a fair opportunity to achieve the economic security and stability that it provides.

This will give Queenslanders multiple, affordable pathways into home ownership.

Case study

Boost to Buy

Government shared equity schemes, like Queensland’s $330 million Boost to Buy scheme, enable home ownership through a government equity contribution.

This approach helps first home buyers by:

• reducing the size of the deposit needed
• lowering mortgage repayments
• enabling them to purchase a greater share in their home
• helping them transition to total ownership sooner.

For many Queenslanders, saving a deposit while paying rising rent puts home ownership out of reach.

Boost to Buy helps change this by reducing upfront costs, so buyers can enter the market sooner with a smaller mortgage. This helps both:

• first home buyers
• people on lower to moderate incomes.

Case study

Jonathon’s story

After years of renting and 4 years of saving, Jonathon and his family still couldn’t break into the home ownership market.

“Boost to Buy was the only way we could really do it,” he said.

“Other programs fell short – and this one felt like a dream – it got us exactly what we wanted.”

Through Boost to Buy, they bought their first home in Cairns, where Jonathon has lived his whole life. He left the rental cycle behind and now has a place to call home for his family.

Equipping Queenslanders to own their future

We want Queenslanders to be equipped to achieve their home ownership goals. But many Queenslanders are unaware of the supports, grants and resources available to help them buy, maintain and improve their own home.

Providing targeted support and information helps Queenslanders:

• understand their options
• make informed decisions
• build long-term financial security.

Case study

QBCC Home Owner Hub supports trusted guidance

The Queensland Building and Construction Commission (QBCC) Home Owner Hub helps people navigate building and renovation by providing simple, step-by-step guidance from planning through to completion.

It helps homeowners to:

• understand their rights and responsibilities
• make informed decisions
• avoid common pitfalls
• know what protections are available to them
• understand key requirements, such as licensed contractors, contracts and deposit limits.

By bringing practical information into one place, the QBCC is helping Queenslanders feel more confident and delivering better outcomes across Queensland’s building and construction industry.