HTW Legal welcomes the Queensland Government’s groundbreaking announcement, doubling the First Home Owner Grant from $15,000 to $30,000 for eligible first-time home buyers, effective from Monday, 20 November 2023.
This strategic initiative, forming part of a comprehensive cost-of-living strategy, is designed to assist more Queenslanders in entering the property market.
To be eligible, individuals, over 18 years old and without previous residential property ownership in Australia, must purchase or build a new home valued at less than $750,000, including land.
Eligible transactions encompass new home purchases, off-the-plan purchases, substantial renovations, contracts to build, and owner-builder arrangements.
This boost is projected to aid around 12,000 buyers in acquiring their first home by 30 June 2025, positioning Queensland’s First Home Owner Grant among the highest in Australia.
HTW Legal is ready to support you through this exciting opportunity, providing conveyancing advice to confirm your eligibility. Reach out to our experienced conveyancing solicitors on the Gold Coast
Note: Grant recipients must comply with conditions,and our skilled Gold Coast conveyancing solicitors are here to assist with any queries on Government grants or stamp duty compliance.
Don’t miss your chance to enter the housing market!
