📍 First home buyers in Brisbane can now enter the market with just a 5% deposit and pay no Lenders Mortgage Insurance (LMI) thanks to a new announcement by the Federal Government. But there’s one catch—stamp duty still applies in many cases. The good news? You can avoid stamp duty altogether if you purchase a property under $800,000.
That opens the door to a massive 57 suburbs across Brisbane where buyers can secure a home with as little as $25K to $40K deposit.
Suburbs Under $500,000 – Lowest Entry Point
- Number of Suburbs: 2
- Examples: Russell Island, Coochiemudlo Island (often misheard as “Cora Island”)
- Deposit Needed (5%): Less than $25,000
👉 These suburbs represent Brisbane’s most affordable entry point for buyers. A house here could be yours with less than the price of a new car as deposit.
Suburbs Between $500K – $700K
- Number of Suburbs: 24
- Examples: Woodridge, Inala, Booval, Darra, Archerfield
- Deposit Needed (5%): Less than $35,000
👉 This is Brisbane’s sweet spot for affordability and opportunity. With a broad mix of locations, families and investors can find quality homes while staying under the $700K threshold.
Suburbs Between $700K – $800K
- Number of Suburbs: 31
- Examples: Beenleigh, Waterford West, Redbank, Collingwood Park, Yarrabilba, Eagleby, Kingston
- Deposit Needed (5%): Less than $40,000
👉 For buyers wanting to be closer to growth corridors, this range unlocks a huge spread of suburbs where stamp duty is still $0 and deposits remain accessible.
Why This Matters
Brisbane is one of Australia’s hottest property markets, with strong population growth, infrastructure investment, and affordability compared to Sydney and Melbourne.
For first home buyers, the government’s reduced barriers—5% deposits, no LMI, and stamp duty exemptions under $800K—create the perfect opportunity to take action now.
The Numbers in Summary
| Price Range (Median House Price) | No. of Suburbs | Example Suburbs | Deposit Needed (5%) |
|---|---|---|---|
| Under $500,000 | 2 | Russell Island, Coochiemudlo Island | < $25,000 |
| $500K – $700K | 24 | Woodridge, Inala, Booval, Darra, Archerfield | < $35,000 |
| $700K – $800K | 31 | Beenleigh, Waterford West, Yarrabilba, Kingston | < $40,000 |
| TOTAL | 57 suburbs | Spread across Greater Brisbane | $25K – $40K |
Final Word
This is a once-in-a-generation opportunity for Brisbane’s first home buyers. The only step left is action. Find a property you can afford, secure your spot in the market, and let the government incentives work in your favour.
👉 Ready to take the first step? Join Teach Me About Property today and start your journey to home ownership.
