Bonus incentive helping Queensland first home buyers

A huge bonus incentive is helping Queenslanders jump into the property market, but it won't last long and it's not the only scheme buyers are keeping an eye on.

David and Maureen Croft are finally living the Australian dream.

“It's pretty amazing. Love it. There's a lot of lawn mowing I'm not used to but yeah it's fantastic,” Mr Croft told 9NEWS.

A $20,000 cash injection helped the couple build their home in the family friendly suburb of Springfield Lakes.

“It's just fantastic coming home just knowing you can put a nail in a wall and put up something you want,” he said.

The couple took advantage of the Queensland government's First Home Owner's Grant.

“When you're buying a new home, something off the plan or alternatively building a home, then it can be counted towards your deposit,” Victor Kalinowski from  said.

Richard Rhodes plans to get in before the grant reverts back to $15,000 from June 30 this year.

“If we didn't have the home buyers grant we'd have to settle for something much less than it's going to be,” he said.

It's just one of the ways home buyers are getting into the market sooner.

Mortgage broker Victor Kalinowski said it's also worth looking at another initiative.

A new government scheme lets buyers turn their superannuation fund into a savings account - they can accumulate up to $30,000 in voluntary contributions and withdraw it at any time.

“So the benefit of doing that is, is when you put that money make a contribution to super you're paying less tax on it and the other thing as well is you're growing your deposit,” Mr Kalinowski said.

“So you've got a bigger deposit.”

Many super funds can return 10 percent instead of 1.5 percent for the average bank account.

One of the big challenges for first home buyers is having the cash upfront for a deposit which can be as high as 20 percent. However, some lenders only require a 5 percent deposit, allowing you to spread the costs over the course of your loan.

For the Crofts every cent counts when you're starting out.

“It's just that extra $20,000 you don't have to come up with or don't have to loan,” Mr Croft said.