QLD first time buyers receive helping hand
Buying residential property is set to become easier than ever for Queenslanders, thanks to the new $15,000 Great Start Grant.
Treasurer Tim Nicholls said the first time buyer initiative will not only boost activity in the state's construction sector, but it will help more people make the transition to homeownership.
Under the scheme, those buying or building a new house, townhouse, unit or apartment for the first time will be eligible for $15,000 upon the dwelling's completion or the first draw-down of funds.
Mr Nicholls, who is in Caloundra today (March 15) meeting with developers and homebuyers, said the funding program will encourage more people to buy newly built properties instead of existing dwellings.
He commented: "This is particularly important in regional resource communities where there is a real shortage of affordable housing."
"This is not a short-term sugar hit. The grant is here to stay," the treasurer added.
Mr Nicholls' Sunshine Coast visit coincided with the launch of the Great Start Grant advertising campaign and its new website - both of which will promote the advantages of the funding boost.