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Buying your first home in Queensland could be easier in the future

By James Brown

Buying your first home can be a difficult feat, especially when you factor in the costs associated with purchasing a property. However, there could be relief on the way for first home buyers in Queensland, as the Real Estate Institute of Queensland has called for the first home owners grant to be reinstated for established properties. This could be great news for any potential buyers interested in Caboolture real estate

REIQ chief executive officer Antonia Mercorella said the current system of only giving funding for new homes has created a "two-tiered" residential property environment across the state, with a number of people simply being unable to enter the market and the chance to purchase real estate. 

"We believe it was a short-sighted move to restrict first home owner grants to new home purchases, but there's a real opportunity now to put that right," said Ms Mercorella in a 23 March statement. 

Aiding people's goals to purchase real estate is a great way to help boost the growth of the state economy as a whole, as well as providing first home buyers the support needed to achieve their homeownership dreams and contribute to the housing recovery. 

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