Queenslanders saving more cash from government policies
The Queensland government is easing the financial burden on residential property dwellers in the state's south-east through several cost saving initiatives.
Premier Campbell Newman said his government has helped millions of Queenslanders save up to thousands of dollars each year, correcting cost blowouts made by the Labor administration.
He explained: "We've done that by freezing the residential electricity tariff for 12 months, halving Labor's 15 per cent public transport fare increases, providing an $80 rebate on south-east Queensland household water bills, freezing motor vehicle registration for three years and reintroducing the Principal Place of Residence stamp duty concessions."
Mr Newman went on to say that in the last year, these schemes have had a direct impact by leaving more cash in the wallets of Queenslanders - a major boon for anyone looking to buy their own property.
Freezing Tariff 11 has resulted in average savings of $120 for an estimated 1,238,000 customers, while more than one million people have also benefited from the government's decision to slash public transport fares.
Mr Newman said 27,000 first time buyers have also saved up to $7,175 on the purchase of a home through the re-establishment of the Principal Place of Residence concession.