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    Coat of ArmsMedia Release
    Treasurer and Minister for Trade and Investment
    The Honourable Curtis Pitt

    Interest in First Home Owner’s Grant skyrockets

    Treasurer and Minister for Trade and Investment
    The Honourable Curtis Pitt

    Wednesday, October 11, 2017

    Interest in First Home Owner’s Grant skyrockets

    The Palaszczuk Government’s $20,000 Queensland First Home Owner’s Grant has helped more than 8,000 people purchase their first new house, unit or apartment.

    Treasurer Curtis Pitt said the program’s popularity rose when he boosted the grant from $15,000 to $20,000 in the 2016 State Budget.

    “Since July 2016 more than 8,000 grants have been approved across the state worth around $162 million,” Mr Pitt said.

    “Queenslander’s are getting in quick to access the $20,000 grant which ends on 31 December this year to make sure they don’t miss out.

    “I urge everyone thinking about accessing the grant to visit the website now, so you’ve got time to get your application in and can make the most of this $20,000 investment in your future.

    “The $20,000 grant is available for people buying newly built dwellings worth up to $750,000.

    “It’s not only helping more people into home ownership, it’s also helping support jobs in our building industry and support industries.”

    Mr Pitt said the Palaszczuk Government remained committed to helping Queenslanders into their new first home sooner.

    “Greater investment in new housing stocks can help address housing supply issues and can assist in making new home ownership more affordable, at a time when home affordability can be a challenge,” he said.

    “The boosted grant has also encouraged investment in new housing stocks with on-flow benefits for local contractors, subbies and suppliers who rely on the building industry.

    “In many areas of regional Queensland, $20,000 goes a long way towards Queenslanders getting into their first home.”

    Mr Pitt said housing affordability was also a motivating factor in many people’s decisions to move to Queensland from southern states.

    “We are tapping that market through our targeted Move Up in the World campaign running in southern states to attract new residents and business operators to our state,” he said.

    “Already in the 12 months to March this year we’ve seen 15,716 people move up in the world to Queensland, the majority of those were from New South Wales.

    “Our First Home Owner’s Grant is far more generous than those currently available in Sydney and Melbourne, and another incentive for southerners to make the move to the Sunshine State.”

    The Queensland First Home Owner’s Grant is complemented by transfer duty relief, which sees no transfer duty applied on the purchase of a first home in Queensland where the dutiable value is up to $500,000.

    Visit the Queensland First Home Owners’ Grant website: www.qld.gov.au/firsthomeowners

    END

    Media contact - Amy Hunter 37961 831