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First Home Owner Grants and Concessions

Posted by Foxs Real Estate on July 25, 2018
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Are you buying or building your first home?

You may be eligible for a grant and a duty concession for your first home or the land that you buy to build your first home.

Great Start Grant:

The Great Start Grant is a Queensland Government initiative to help first home owners to get their new first home sooner. You’ll get $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). You can even buy off the plan or choose to build yourself. It’s a great opportunity to buy or build a new home in our great state.

Stamp Duty Concessions:

When you have land in Queensland transferred to you that you’ll use as your home, you may be able to claim a concession that reduces the amount of duty you have to pay.

If you meet certain eligibility requirements, the duty may be reduced to the point where you don’t have to pay anything.

To access the latest information on these grants & concessions please click on to the Office of State Revenueand search under first home buyers.

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