Brighter Buying

$20,000 for first home buyers

by Kate Watt, Marketing Manager 22 June 2016

Queensland first timers will have one year to cash in on a boost to the first home owner grant which will increase from $15,000 to $20,000 from 1 July 2016.

The grant – announced as part of the Queensland State Budget – applies to newly constructed houses, apartments and townhouses valued at less than $750,000.

Think you might be eligible? Check out the First Home Owner’s Grant website for more information and FAQs.

The one-off, 12-month $5,000 boost to the grant (formerly called the Great Start Grant) is designed to support the construction industry, create jobs and help more people into home ownership, reports the Brisbane Times.

While first home buyers clearly have reason to celebrate, not all property industry folks are popping the champagne corks.

While welcoming the boost, Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella says the grant should be extended to established dwellings too. If you’re a first home buyer you will probably agree.

Ready to buy your first home? Contact us for a chat and view our current listings for sale.