Purchasing your first home in Logan, Queensland, is a major milestone, but navigating home loans for first home buyers can be confusing without the right help. From government grants to understanding eligibility and applying for finance, there's a lot to learn.

This blog will walk you through everything you need to know, from how to qualify for a loan, to what government incentives are available and the step-by-step application process. Cube Loans is here to guide you through every stage of the journey.

Understanding First Home Buyer Loans in Logan

First home buyer loans are specially designed financial products aimed at helping Australians purchase their first property. These loans often come with competitive interest rates, low deposit requirements, and access to government grants or incentives.

In Logan, where property remains relatively affordable, these loans provide a practical pathway for first-time buyers to enter the housing market sooner.

Common Loan Types:

• Variable Rate Loans: Interest changes over time.
  
  
• Fixed Rate Loans: Lock in your rate for stability.
  
  
• Split Loans: Mix of fixed and variable.
  
  
• Low Deposit Loans: Suitable if you have less savings.
  
  

Logan Property Snapshot

With a median house price of around $600,000 (as of Q3 2025), Logan remains one of the most affordable and accessible property markets in Southeast Queensland. The region offers a mix of established homes, new developments, and family-friendly suburbs, making it an attractive choice for first home buyers looking to maximise value.

Strong infrastructure, growing employment hubs, and proximity to both Brisbane and the Gold Coast further enhance Logan’s appeal as a smart entry point into the housing market.

Eligibility Criteria – Do You Qualify for a First Home Loan?

Before applying, it's important to check if you meet the basic eligibility requirements. These will differ slightly between lenders, but here are the general criteria:

Basic Requirements:

• You must be at least 18 years old.
  
  
• You must be an Australian citizen or permanent resident.
  
  
• You’re buying or building your first home.
  
  
• You intend to live in the property as your primary residence.
  
  
• You have a regular, verifiable income.
  
  
• You have a minimum deposit (usually at least 5%).
  
  
• You have a good credit history.
  
  

QLD Government Grant Eligibility:

To qualify for the QLD First Home Owner Grant, you must:

• Be buying a brand-new home (not established).
  
  
• Live in the home for at least 6 months.
  
  
• Not have previously received a similar grant in Australia.

A mortgage broker like Cube Loans can assess your situation and confirm your eligibility quickly.

What Grants and Incentives Can You Access in Queensland?

If you're buying your first home in Logan, here’s what support you may be eligible for:

Queensland First Home Owner Grant:

• $30,000 Grant (current as of 2025)
  
  
• Applies to new homes under $750,000
  
  
• Must move in within 12 months and live there for 6 months
  
  

Stamp Duty Concessions:

• Full exemption for homes under $500,000
  
  
• Partial concessions up to $550,000
  
  

First Home Guarantee:

• Buy with as little as 5% deposit
  
  
• No LMI (Lenders Mortgage Insurance)
  
  
• Available through participating lenders
  
  

How Much Can You Borrow as a First Home Buyer?

Loan amounts vary, depending on your income, credit history, deposit size and living expenses.

Key Factors That Affect Borrowing:

• Income: Single or combined household income
  
  
• Debts: Credit cards, personal loans or car loans
  
  
• Deposit Amount: Higher deposits give more flexibility
  
  
• Living Costs: Ongoing expenses impact affordability
  
  

You can use ask our expert brokers at Cube Loans’ for an accurate estimate of your borrowing capacity. 

Step-by-Step Guide – How to Apply for a Home Loan in Logan

Getting a home loan can be easier than you think when you follow the right steps.

Step 1: Speak to a Mortgage Broker

Start by chatting with Cube Loans to assess your borrowing power and loan options.

Step 2: Get Pre-Approval

This gives you a clear budget and shows sellers you’re serious.

Step 3: Find the Right Property

Search for homes within your approved limit, considering location, condition and future value.

Step 4: Submit a Full Loan Application

Once you’ve found a property, we’ll help you finalise your application with supporting documents.

Step 5: Loan Approval and Settlement

The lender will conduct a valuation and issue final approval. Once contracts are signed, settlement usually happens within 30–45 days.

Having a local expert like Cube Loans by your side ensures your application is complete, accurate, and processed efficiently.

Why Work With a Logan Mortgage Broker Like Cube Loans?

Working with a mortgage broker removes the guesswork and stress from the loan process by offering expert guidance tailored to your financial situation. Cube Loans compares dozens of lenders on your behalf, ensuring you secure the most competitive rates and loan features without the hassle.

Benefits of Using Cube Loans:

• Access to over 40 lenders – tailored to your situation
  
  
• Local knowledge of Logan’s real estate market
  
  
• No cost to you – we’re paid by the lender
  
  
• Ongoing support – even after settlement

You’ll also get help securing government grants, negotiating with lenders, and choosing the right loan features.

FAQs

What is the minimum deposit to buy a home in Logan?

Usually 5–20%, depending on lender policies. Government schemes can help reduce this amount.

What government grants are available for first home buyers in Queensland?

The $30,000 First Home Owner Grant and stamp duty concessions are available for eligible buyers.

Can I get a loan if I have a low credit score?

Possibly. Some lenders cater to low credit applicants, but your interest rate may be higher.

What is Lenders Mortgage Insurance (LMI)?

LMI protects the lender if you default. It usually applies when your deposit is less than 20%.

How long does it take to get a home loan approved?

With complete documents, approval can take 5–10 business days.

Can I use my super for a house deposit?

Yes, under the First Home Super Saver Scheme, you can withdraw voluntary contributions for a deposit.

Wrapping It Up – Let's Get You Into Your First Home

Buying your first property is a major life step, and with the right support, it doesn’t have to be overwhelming. If you're researching home loans for first home buyers in Logan, Cube Loans is ready to help you make smart, confident decisions.

With access to dozens of lenders and a strong understanding of Logan's housing market, we help you secure the best deal. Whether you need guidance on eligibility, want to explore grant options, or just want someone to handle the paperwork, we’ve got you covered.

Our experienced Logan mortgage brokers provide honest advice and real results. We simplify the process so you can focus on finding the right home, not stressing over finances. Call us today at 1800 774 756 to book your free consultation. Let’s turn your first home dreams into reality, with Cube Loans by your side.