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Queensland Government - Queensland Revenue Office
Queensland Government - Queensland Revenue Office

Instalment contract

An instalment contract is an agreement for the purchase of a property where the buyer pays the purchase price by gradual increments without obtaining a transfer of title until the last payment is made.

If you have an instalment contract, the following criteria must also be satisfied before the grant can be paid:

  • the contract has been operating for at least 1 year
  • you have paid at least 10% of the purchase price or the grant amount, whichever is greater
  • you are not in default of the contract
  • you have occupied the home as your principal place of residence.
Date published: 29 January 2023