Logan has become an ideal area of South-East Queensland for first home buyers looking to break into the market. With its affordable property options, significant infrastructure growth and a diverse lifestyle on offer, it’s easy to see why the area is currently a hotspot for those looking to purchase their first property.
If you’re looking to buy your first home in the Logan region, including Kingston and Springfield, this guide will explain everything you need to know about the First Home Owner Grant (FHOG), deposit schemes and other financial assistance on offer. With the assistance of a local mortgage broker like Borro, the journey to homeownership can be simple and stress-free.
Why Logan is a great place for first home buyers
Compared to Brisbane’s inner suburbs Logan offers more affordable property options, making it an accessible area for buyers on a budget. The region is experiencing strong growth in infrastructure with new transport links, schools and retail developments. Not only is Logan a great place for first home buyers, but also a smart investment for the future. For young families looking to purchase their first home, Logan offers a range of recreational parks, community spaces and is situated between both the Gold Coast and Brisbane CBD.
Check your First Home Owner Grant eligibility
The First Home Owner Grant (FHOG) is government-funded assistance aimed at helping first-time buyers to break into the market. The grant of $15,000 is accessible for buyers purchasing a new home, which can help with the deposit or other upfront costs. The grant has been doubled to $30,000 for first-time buyers looking to purchase a new home before June 2026, so it’s the perfect time to look at buying your first home in Logan.
To be eligible for the FHOG in Queensland, you must meet these requirements:
- Be a first home buyer and not have owned property in Australia previously.
- Be over 18 years old.
- The home you’re purchasing must be new or significantly renovated.
You must live in the property for at least 6 months within the first year of ownership.
Understand Logan’s property price caps
One thing to consider when applying for the FHOG is the property price cap. In Logan, the cap for the FHOG on new homes is set at $750,000. This is the maximum price when buying a new home or off-the-plan property in the area while utilising the FHOG.
It’s important to keep in mind that the FHOG applies to new homes only. So if you’re hoping to purchase an established property, you won’t be eligible for this grant.
Combine grants and schemes for more savings
For hopeful Logan first home buyers, there are a range of other grants and concessions that can make your property more affordable.
Stamp duty concessions
If you’re buying your first home in Queensland, you may be eligible for stamp duty concessions. For properties up to $550,000, it’s possible you could qualify for a full stamp duty exemption. For properties between $550,000 – $650,000, a reduced stamp duty rate applies. This can save you thousands of dollars.
First Home Loan Deposit Scheme (FHLDS)
If you haven’t managed to save a 20% deposit for your first home, you can apply for the First Home Loan Deposit Scheme (FHLDS). This government funded scheme assists you by making it possible to purchase a property with as little as a 5% deposit. This scheme also removes the usual implication of Lenders Mortgage Insurance (LMI). You’ll need to meet certain eligibility requirements to use this FHLDS, but it’s a great option for many young Australians that struggle to save a large deposit while contending with the rising cost of living.
By combining the FHOG and FHLDS, along with stamp duty concessions, you can unlock significant savings. Taking you one step closer to your first home in Logan.
Avoid common first home buyer mistakes
Buying your first home is exciting but for many it can feel like a daunting process. There are a few common mistakes that first time buyers should avoid:
- Before you start browsing properties, make sure you get pre-approval for your home loan. This will give you a better idea of how much you can borrow, so you can focus your house hunting efforts on the right price-point.
- Although the deposit can feel like the biggest expense when purchasing a home, it’s important to consider other costs involved with buying a home. Legal fees, moving costs and other incidentals should be factored into your budget.
Remember that buying a home should be approached as a long-term investment. A property that is perfect for you now may not be ideal for what you have in your five year plan. Keep in mind future family plans or other long-term needs when looking at properties.
How Borro can help Logan buyers
At Borro, we understand Logan. We can assist you to understand which grants and schemes are available to you, and help you secure the best mortgage option for your needs. We will find the right loan for your budget while ensuring the journey to your first home is smooth and stress-free.
FAQ's
First home buyers in Logan are eligible for a $15,000 First Home Owner Grant – this amount has been doubled to $30,000 until June 2026.
No, this grant is only applicable for new homes or substantially renovated homes.
The property price cap for new homes in Logan is $750,000. If the property price is higher than this amount, you won’t be eligible for the FHOG.
Yes, you can combine these two offers, as long as you’re eligible for both, which allows you to purchase a home with a deposit as low as 5%.
When applying for the First Home Owner Grant in Kingston, Springwood or any other part of Logan, you’ll need to check your eligibility, ensure you’re buying a new home and submit the required documents through your mortgage broker.
Ready to take the next step towards owning your first home in Logan?
Book a free eligibility and borrowing power check with Borro today and get expert guidance through every step of purchasing your first home.
