First Home Builders Grant Information
Home Building Grants For NEW Home Builders
The government has announced changes to the first home owner grant. The changes will apply to eligible transactions between 20 November 2023 and 30 June 2025.
First home owners are expected to be able to apply for the increased grant from the first week of January 2024.
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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.
Note: the above is subject to change please visit the link below for current information
Are you eligible for a new home grant?
Potentially yes! Here’s the fine print:
According to qld.gov, 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 new home including the land is less than $750,000.
- You must intend to 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.
- Note: this information is subject to change and is offered as a guide only, please refer to the relevant organisation in your state for up to date information
- Queensland First Home Owners’ Grant | Homes and housing | Queensland Government (www.qld.gov.au)
Apply For Your New Home Grant
The application process starts by checking your eligibility.
As wonderful as this all sounds, it’s important to acknowledge your responsibilities as the recipient of the grant. Feel free to explore further details regarding your obligations.
Next, you want to plan the timing. Grants have a limited window of eligibility and you want to use the funds wisely and inside their eligibility window. Working with Vivid’s team can help ensure you don’t lose your funds or apply at the wrong time, only to miss out because of a building error or lag in the process. Prior to submitting your application, we suggest acquiring additional information about the timing details.
Finally, acquiring the funds. Discover everything you need to know about the disbursement of grant funding.
As Wonderful As This Sounds, It Can Be Confusing And We Can Help You.
Many new home building clients want to apply for grant funding, as they should. The tricky part of aligning the funding with the land, design, and scheduling is the tricky part. We can help you with that. If you’re ready to see how to apply the Queensland grant to your first-time home purchase, reach out to our team for help.
You can read the full details of the Queensland grant here. Please note that the information on this page is subject to change. Refer to the link above for the most up-to-date information on the Queensland grant and reach out to our team for support
