June 18, 2016

Attention all First Home Buyers – Good News at Last!

If you are looking to get into your first home, now is the time to do it!

The Queensland Government has just increased the First Home Owners Grant to $20,000!

The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner. This First Home Owners Grant amount increase takes effect on contracts entered into for the purchase of new homes after 1 July, 2016.

The boost of $5,000.00 will apply for 12 months, so now is the right time if you are intending to start out and get your first home.

Remember, your contract has to be entered into after 1 July, 2016. If you sign up before 1 July, the Grant is still available but will only be for the total amount of $15,000.00.

The First Home Grant is for brand new homes only – it may include substantially renovated homes but that is only available in certain limited circumstances. A new home is the way to go!

Your new home can be a house, unit, duplex, townhouse or even a granny flat built on a relative’s land!!! You may even be eligible for the First Home Owners Grant if the only property you have owned is an investment property!!

Give us a call and we can let you in on all the details on the First Home Owners Grant amount increase and how you can take advantage of it. Once you have selected your first home, then call us to help you with the conveyancing to ensure that you get legal transfer of title to your property.