$17,000 grant for a new home in Queensland

$17,000 grant for a new home in Queensland
An information site for British Migrants to Australia, providing information since October 2005.
Post Content follows this advert.

The Queensland budget, announced 14th June 2011 has stated that a $10,000 grant will be available for constructing, or buying, a new home up to the value of $600,000, if contracted between 1 August 2011 and 31 January 2012.

This will be in addition to the Federal Governments $7,000 First Home Buyers Grant.

First home owners can therefore now receive up to $17,000 in grants, and if the property is under $500,000 then they are also eligible for ZERO stamp duty.

It will be worthwhile, to the tune of $10,000, for most buyers of new homes, to not buy anything between now, 14th June 2011, and the end of July. ie: Six weeks of minimal sales in the property industry.

www.budget.qld.gov.au/snapshot

To help the housing construction sector recover, the Government will provide a $10,000 grant towards the construction or purchase of a new home for six months starting 1 August 2011. Available for properties valued up to $600,000, the grant will be for everyone including first homebuyers, other homebuyers and investors.
http://www.budget.qld.gov.au/at-a-glance/2011-12/queensland-state-budget-at-a-glance-2011-12.pdf



0 0 votes
Article Rating
Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

I just wanna ask if how much the our grant as a first home buyer if the house is worth $220,ooo?