First-home buyers are among the big winners in the Queensland state budget, after it was announced the $20,000 First Home Owner’s Grant would be extended.
The grant, which was set to expire at the end of this month, will be extended for another six months until December 31.
It offers first-home buyers $20,000 to purchase new houses, units or townhouses valued at less than $750,000.
Treasurer Peter Curtis said extending the grant would further drive construction and economic activity.
“The Palaszczuk Government recognises how difficult it is for first-home buyers to get into the housing market,” he said.
“This is one of the most effective ways of helping families to get a start with a new home while simultaneously creating construction jobs and spurring on the economy.
If all the approved grants leverage new dwellings of $750,000 they would represent almost $3.7 billion worth of activity. Queensland’s established housing market is looking healthy, which is encouraging for homeowners across the state.”
If you need some help to get into your own home Enquire Now