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QUEENSLAND’S NEW HOME BUILDERS GRANT
September 30, 2012
The Queensland government has done away with the $7000 first home owners grant and replaced it with the new $15,000 first home owner construction grant. The grant commenced on the 15th of September and is not time limited.
This construction grant is available to first home buyers purchasing or building a new home valued at under $750,000.
In order to be eligible the purchaser must:
- Make the property the principal place of residence within one year of taking ownership and live there for at least six months
- Remain the property owner for at least a year after moving in.
- Purchase or construct where the value is worth less than $750,000.