On Tuesday, 21 July 2026 estimates hearings in respect of the Governance, Energy and Finance Committee took place.
I probed the government's Boost to Buy program and revealed that only 115 applications have actually resulted in prospective buyers settling on a property.
You can read my full exchange with Treasury below or in the official Parliamentary record of proceedings available here.
Mr BERKMAN: I have a question for the Under Treasurer around the government’s Boost to Buy scheme. What is the average price of a home purchased with support from the Boost to Buy scheme?
Mr Williams: I thank the honourable member for the question. Fifty per cent of places are available for homebuyers both in South-East Queensland and regional Queensland. As you know, the scheme provides an equity contribution of up to 30 per cent for new homes and 25 per cent for existing homes. Homebuyers require a minimum deposit of two per cent for the purchase of a property up to $1 million. Once an applicant receives approval they have six months to find a suitable home. More than 100 homebuyers have already received the keys to their new home, supported by a state equity contribution of over $22 million. Appointments for those looking to purchase in South-East Queensland are exhausted, but places in regional Queensland remain available. Based on the information I have at hand I cannot give you an exact answer, but I will endeavour to do so by the end of this session if you are so inclined.
Mr BERKMAN: Thank you. I have a quick follow-up question. Under Treasurer, can you tell us how many applicants have been approved via the scheme as compared to the number who have subsequently settled on their new home?
Mr Williams: I can advise that settled properties in round 1 totalled 111. This information is as at 30 June 2026. In round 2 there have been a total of four settled properties, which totals 115 across the two rounds that have been offered so far. In relation to the total that have not progressed for various reasons, including withdrawals, the expiry of an approval or those that are unapproved or did not turn up to their sessions, in round 1 there were 764 and in round 2 so far there have been 352 that have not progressed. My maths get that to around 1,116, I think.
Mr BERKMAN: Just for clarity, you said those are—
Mr DEPUTY SPEAKER: Member for Maiwar, it is time for a question from a government MP if the Under Treasurer has concluded his answer to that question.
Mr Williams: I will just clarify there have been another 256 that are pre-approved that have not actually settled.
The Treasurer returned to my questions later.
Mr DEPUTY SPEAKER: Treasurer, noting the time, is there anything that you would like to get back to the committee with in relation to the member for Maiwar and the member for Gaven?
Mr JANETZKI: The one thing I know we have to come back with was the average value of a Boost to Buy home. The member for Maiwar asked about that. The average of Boost to Buy purchased homes to 30 June 2026 is approximately $790,000.