News

First home owner grant extended in Queensland

By James Brown

First-time buyers with their eye on property in Burpengary are to be given a helping hand, as it's announced that Queensland's first home owner grant is to be continued.

Among the groups praising the announcement is the Property Council of Australia, which described it as a "boost in confidence for the residential sector". Queensland Executive Director of the Property Council Chris Mountford noted that real estate remains a core component of the state economy and should be given all the support it needs.

Known as the Great Start Grant, the initiative provides $15,000 to first home owners who are buying or building their property. The real estate must be valued at under $750,000 t

"Every dollar that will be spent building these new dwellings in Queensland delivers a significant and far-reaching multiplier effect throughout the community, particularly in terms of jobs, retail spending and taxation revenue," Mr Mountford noted.

He emphasised that Queensland's property industry accounts for 12.1 per cent of the total workforce, so it is crucial that every effort is made to keep it on its feet.

In order to be eligible for the Great Start Grant, applicants need to be at least 18 years of age and either an Australian citizen or permanent resident. Not only this, the applicant and their spouse must never have owned property in Australia in the past.

Everyone who makes the application must live in the property once it has been bought or constructed. The move in date must be within 12 months of the eligible transaction being completed and in order to keep the grant, it needs to be lived in for a minimum of six months.

If you're interested in making the move to Queensland, get in touch with the Ray White Burpengary team.

Up to Date

Latest News

  • Top Rental Return Suburbs in Moreton Bay Region, Queensland

    Many Investors look at Suburbs in Moreton Bay that offer the best Capital Returns however which ones deliver the best rental yield? Nigel Lucas of Ray White Caboolture and Burpengary Property Management looks at selective suburbs in Moreton Bay Region. We have only focused on 4 bedroom houses. The yield … Read more

    Read Full Post

  • Will the new Moreton Bay Rail Link result in higher rentals?

    The connection to the Redcliffe Peninsula will open in October 2016. It will provide 650 services between Kippa-Ring and Brisbane each week, with stops at Rothwell, Mango Hill, Murrumba Downs and Kallangur reports Nigel Lucas of Ray White Caboolture and Burpengary rental department. This new service will add further attraction … Read more

    Read Full Post