Queensland First Home Owner’s Grant
On July 1, 2018, the Queensland Government re-introduced the Queensland First Home Owner’s Grant which is now worth $15,000.
So if you have been thinking about buying your first home, the time to act is now!
If you are renting a home on the Gold Coast or elsewhere in Australia and want to live in Queensland, and have never bought or owned a home before, you could be eligible for the $15,000 grant.
This Queensland Government initiative was put in place to help people wanting to purchase their first home get into that home sooner. If you are eligible for the grant, you will be able to receive $15,000 towards either buying or building your very first new house, unit or townhouse.
The Queensland First Home Owner’s Grant could help you make the decision towards buying or building a new home on the Gold Coast, and could even help you get into something better than you expected and sooner than you imagined.
What could you do with a $15,000 First Home Owner’s Grant? If you are an Australian citizen or permanent resident (or applying with someone who is) that is at least 18 years old and have never owned property in Australia, you could be eligible!
The First Home Owners Grant applies to:
- New Homes
- House and Land packages
The government has introduced this grant in order to encourage the building of new homes in Queensland.
You can buy off the plan or choose to build yourself.
To be eligible for the grant:
- You must be at least 18 years of age.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spouse must not have previously owned property in Australia that you lived in.
- You must be buying or building a brand new home.
- The value of the home including the land is less than $750,000.
- You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
There is no need to feel as if you will never be able to save a suitable deposit to buy your own home. Contact us here at SBRealty on the Queensland Gold Coast today to find out how we can help you get into your first home.
Phone: 0405 046711
For further information go to www.qld.gov.au
