First home buyers in Algester will receive a $5,000 boost to the Queensland First Home Owners’ Grant, giving them $20,000 to get into the market.
Member for Algester Leeanne Enoch said that owning a home is the great Australian dream and the government is trying to help people realise this dream sooner.
“There will be many Queenslanders who may not think they can save a deposit towards a new home – so having $20,000 up front towards a new home will certainly help convince many people to buy sooner,” Ms Enoch said.
“The 12-month boost applies to the purchase of a newly constructed house or apartment under $750,000.
“Some may even use the $20,000 grant to snap up some of the units and townhouses that have been built or are under construction in the areas around Heathwood and the Algester/Parkinson area.
“This is a significant win for first home buyers.
“It’s also a significant win for the building industry by stimulating demand for new product, which will support thousands of jobs throughout Queensland through the construction phase.
“It’s an initiative that will create more jobs and help more people into home ownership.”
The Queensland First Home Owners’ Grant replaces the former Great Start Grant.
For more information on eligibility and how to apply, go to https://firsthomeowners.initiatives.qld.gov.au