Absolutely there are The Queensland State Government provides several incentives to make homeownership more affordable especially for firsttime home buyers looking to set foot in the property market This includes the First Home Owner Grant FHOGa lump sum payment of 15000 for those planning to build or buy a new home valued up to 750000 which will be their principal place of residence Also the First Home Vacant Land Concession offers a total stamp duty exemption if the vacant land is valued less than 250000 Australiawide initiatives are also available like the First Home Guarantee FHBG and Family Home Guarantee FHG assisting buyers to purchase a home with a lower deposit without the need for Lender Mortgage Insurance More details can be found on the QLD government and NHFIC websites