Great news for Queensland first home buyers! From July 1, the state government’s Great Start Grant for first homeowners will increase from $15,000 to $20,000.

The increase was announced by Treasurer Curtis Pitt at a Queensland Media Club lunch, where he told attendants the initiative would run for 12 months and form a central part of the government’s budget. With the restructuring comes a name change and from 1st July 2016, it will be known as the Queensland First Home Owners’ Grant, according to a June 9 Brisbane Times article.

The Treasurer said the revamped grant for first home buyers will boost confidence in the housing market and position Queensland as an even better property market for the first home buyer.

“This is a great time to build in Queensland … and the Palaszczuk government’s First Home Owners Grant will make it even easier to enter the property market,” he said.

The Great Start Grant is a government grant designed to help get you started with your first home. The grant is applicable for homes, apartments, townhouses up to a value of $750,000. The grant is an excellent opportunity for first home buyers to get into the housing market earlier than expected. However the limited duration of the rise in the grant means you will need to act fast!

No1 Property Guide offers a range of land & home packages, townhouses, units, house and granny flats, dual income properties and apartments in Queensland. We link up with some of Australia’s finest developers and builders to ensure that you get the first home you want. Our premium master builders all offer full turnkey home packages and easy, flexible finance options at highly competitive rates can be obtained from our mortgage managers.

There’s never been a better time to be a first home buyer in Queensland! Please contact us should you have any questions about no or low deposit land and home packages and how you can take advantage of the rise in the Queensland First Home Owner’s Grant 2020.