| Big 4 variable owner-occupier P&I | 5.99-6.20% p.a. |
| Non-bank variable (Athena, ING, Macquarie) | 5.79-5.95% p.a. |
| 2-year fixed owner-occupier P&I | 5.79-5.99% p.a. |
| 3-year fixed owner-occupier P&I | 5.89-6.15% p.a. |
| Investor variable P&I | 6.20-6.50% p.a. |
- Brisbane median dwelling value (May 2026)
- $895,000
- Regional QLD median
- $615,000
- FHG Brisbane property cap
- $1m
- FHG regional QLD property cap
- $700,000
QLD home loan rates: national pricing
Queensland borrowers access the same nationally-set home loan rates as borrowers in any other state. Big 4 packaged variable rates sit at 5.99-6.20 per cent for prime owner-occupier P&I; sharper non-bank rates at 5.79-5.95 per cent from Athena, ING, Macquarie and Tic:Toc.
Queensland-specific lender considerations include strong local presence from Suncorp (formerly QLD-focused, now ANZ-owned), Bank of Queensland (tier-2 with Queensland heritage), Heritage Bank (Toowoomba-based mutual now part of People First Bank), and Auswide Bank (QLD-focused). Each offers competitive products for QLD borrowers.
Queensland first home buyer benefits
Queensland operates one of the more generous state first home buyer benefit structures, particularly for new builds. The First Home Owner Grant was boosted from $15,000 to $30,000 in 2024 and continues at that level for eligible new builds in 2026. Combined with the Regional Home Building Boost, regional Queensland first home buyers can access additional benefit.
The First Home Concession (stamp duty exemption) applies to purchases up to $700,000, with partial concession to $800,000. For a Brisbane first home buyer purchasing at $700,000, the stamp duty saving is approximately $26,000 versus the standard rate. Combined with the federal FHG and (for new builds) the $30,000 FHOG, the total benefit can exceed $75,000.
Brisbane and regional QLD market context
Brisbane is one of the stronger Australian capital city markets in mid-2026, with values continuing to rise at around 1 per cent monthly. The Cotality May 2026 data showed Brisbane up annual 12 per cent. Regional QLD has been similarly strong, supported by interstate migration and population growth.
For first home buyers in Queensland, the combination of strong demand and rising prices is balanced against the most generous state new-build benefit in Australia ($30,000 grant). For buyers willing to consider new builds, Queensland offers the strongest financial package of any state in 2026.
QLD first home buyer benefits
Frequently asked questions
What is the Queensland First Home Owner Grant?
A QLD state government grant of $30,000 for eligible first home buyers purchasing or building new homes (boosted from $15,000 in 2024). The grant requires the property to be a new build and the buyer to live in it as the principal place of residence.
What is the Queensland First Home Concession?
A Queensland state stamp duty exemption for first home buyers purchasing up to $700,000, with partial concession applying $700,000 to $800,000.
What is the FHG property cap in Queensland?
Brisbane and large regional centres: $1m. Elsewhere in Queensland: $700,000.
Can I stack QLD FHOG with FHG?
Yes. The QLD $30,000 FHOG (new builds), the QLD First Home Concession (stamp duty exemption), and the federal FHG (no LMI) can all be combined for eligible first home buyers. The combined benefit for a $650,000 new build can exceed $70,000.
Which lenders are strongest in Queensland?
Suncorp (ANZ-owned, strong QLD branch network), Bank of Queensland (tier-2 with QLD heritage), Heritage Bank (Toowoomba-based mutual), and Auswide Bank (QLD-focused) are the strongest local options. The Big 4 and digital majors all compete strongly nationally.