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First Home Buyers: What Government Incentives Exist in Queensland?

By James Brown

When it comes to purchasing your first home, it’s understandable to be a little daunted. After all, this is a huge investment to make in one of the largest assets most Australians will own in their lifetimes. With all the jargon surrounding home loans, you’d be forgiven for being a little confused.

Luckily, there are some government-funded programs to help first home buyers out financially in order to get them securely into their first home without delay.

The Great Start Grant

This grant could be useful for anyone looking into purchasing or building their first home in Queensland. Introduced in the 2012/13 State Budget, the $15,000 Great Start Grant is available to first home buyers who are hoping to either construct or purchase their first home, townhouse or unit with a value of up to $750,000.

This could be extremely useful for any first home buyers looking for financial aid towards their investment. The criteria include being over the age of 18, having never owned property in the past and being an Australian citizen.

With this type of incentive, it could be worth investigating your own eligibility for the Great Start Grant and begin looking for a house for sale in Caboolture today!

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