The building industry is vital to Queensland and we need to stimulate demand for tradies across the state over the next six months.
The Government is re-affirming its commitment to the $15,000 first home-owner grants program for any Queensland first home buyers purchasing a new home valued at less than $750,000.
And further, the government will provide an additional $5,000 grant for people building a new home in a regional location, helping to encourage people to move to regional Queensland.
Additionally, the government has committed to a further $100M Housing Construction Works for Tradies program – with new social housing to be built across Queensland.
Councils in South-East Queensland will receive an additional $50M for a Unite and Recover Community Stimulus Program to support minor works and projects that create local jobs in our most impacted areas.
Many seniors and people with a disability have used the Home Assist program which provides support for tradies and handymen to come to their house and do small jobs.
A Seniors Accessibility and Renovation Assistance boost to Home Assist will be provided to around 2,000 seniors and people will a disability who will receive additional subsidies of up to $5,000 to help them stay safely in their own homes, such as security upgrades, repairs and maintenance.
This will provide a $10 million boost with more work for local tradies and handymen.
The federal government has announced 4th June 2020 the $25,000 HomeBuilder grant.
Eligible owner-occupiers will be able to access a grant of $25,000 to build a new home (up to $750,000) or substantially renovate an existing home (contract between $150,000-$750,000).
In addition to this, first home buyers in Queensland will still be able to access the existing $15,000 First Home Owners' Grant – giving them a $40,000 total package.
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You are 18 years or older
You are an Australian citizen
You meet the income cap of $125,000 (individuals) or $200,000 (couples)
You enter into a building contract with a builder between 4th June 2020 and 31st December 2020 to either build a new home as a principal place of residence, where the property does not exceed $750,000 (includes land)
You substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000 and where the value of your existing property does not exceed $1.5 million. A knock down and re-build is classified as a substantial renovation.
Construction must commence within three months of the contract date
To apply for the grant, this can be done a number of different ways;
You can apply personally, directly to the QLD (or relevant) revenue office
Your bank applies to the QLD (or relevant) revenue office on your behalf
Further information visit
FACT SHEET DOWNLOAD
The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner.
If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.
The grant amount has varied since it was first introduced in 2000. Contracts dated earlier than 1 July 2018 may still be eligible for a grant.
You can buy off the plan or choose to build yourself.
To be eligible for the grant:
You must be at least 18 years of age.
You must be an Australian citizen or permanent resident (or applying with someone who is).
You or your spouse must not have previously owned property in Australia that you lived in.
You must be buying or building a brand new home.
The value of the home including the land is less than $750,000.
You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
This guide will explain applying for a first home owner grant, and your obligations after receiving it.
Find out about transfer duty concessions for homes.
Use the transfer duty and grants estimator to find out how much duty you may have to pay and if you could be eligible for the grant.
Learn about the differences between the grant and concessions.
See historical grant amounts.
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