The Queensland Premier has announced a regional first home owner grant (regional grant) as part of the 2010–11 State Budget.
The new grant of $4,000 is available to first home buyers in regional areas—this is in addition to the $7,000 first home owner grant.
To be eligible for the $4000 regional bonus, the following must apply:
- You must be eligible for the $7000 first home owner grant;
- You must either build or buy a new home—the bonus does not apply to established homes;
- The home must be located in a Queensland regional area (which is most of Qld outside of the Brisbane area); and
- The commencement date (i.e. the contract date or, for owner-builders, the date the foundations are laid) must be between 1 June 2010 and 30 June 2011 (inclusive). However, there is no set time that building must be completed.
If you have any questions regarding this regional grant, or the first home owners grant, please don’t hesitate to ask.
