Queensland state housing loan

Information for Queensland public housing tenants only

This loan is to help you buy the government-owned property you're renting. You must be a tenant and intend to continue living in the home.

Note: Not all Queensland Government properties are for sale.

Am I eligible?

To be eligible for this loan, you must:

be an existing housing tenant
be an Australian citizen or permanent resident of Australia
not own or part-own another property
have a good credit history
have no other significant debts
have enough savings to cover the $2,000 deposit and loan fees (legal fees, stamp duty, insurance fees, etc.)
be able to afford the loan repayments without hardship.

To apply or receive more information, contact our loan hotline:

email: hscsloaninformation@housing.qld.gov.au
phone: 1300 654 322 (Monday–Friday, 8.30am–4.30pm)
post:
Loans and Debt Management
Department of Housing and Public Works
GPO Box 690
Brisbane Qld 4001.

The loan is for owner–occupiers. As long as you stay living in the home, you're entitled to:

a discount on your interest rate
a capped interest rate in the early years of the loan (to protect you from steep interest rate rises).

The minimum deposit for the loan is $2,000.

There are several costs involved in buying a home on top of the deposit. These include:

Your solicitor can give you an estimate of these costs.

There are other costs to owning a home that you might not pay when you’re renting, such as:

You must also insure your home for the full term of the loan.

Your maximum repayments will be no more than 35% of your agreed continued income.