Are you looking to buy your first home?

First home buyers, take note: Queensland Treasurer Curtis Pitt recently announced an increase of $5,000 to the Great Start Grant, meaning the total grant is now $20,000.  All first home buyers purchasing newly constructed property under $750,000 are eligible to apply for the grant.

The increase to the Great Start Grant will apply from 1 July 2016 for 1 year only, this is great for first home buyers looking to buy, new or off the plan. It’s the first major increase to the Great Start Grant since it was established in September 2012, replacing the previous First Home Owners Grant established in 2000.

FACTS YOU SHOULD KNOW:

  • The previous ‘Great Start Grant’ has been renamed and as of July 1 2016 it is now called the Queensland First Home Owners’ Grant
  • The$15,000 Great Start Grant applies to contracts dated between 12th September 2012 and 30th June 2016
  • The $20,000 Queensland First Home Owner’s Grant is not available to replacement contracts where there was a previous contract entered into before 1st July 2016, meaning you can’t rescind a contract and sign a new one on the same property to claim the increased grant
  • Contracts entered into from 1st July 2016 for that financial year will be eligible to apply for the boosted $20,000 Queensland First Home Owner’s Grant
  • To apply for the current grant you must be buying or building a brand new home valued at under $750,000

First home buyers may also be eligible for a stamp duty exemption for homes under $550,000, which is an additional kick start to entering the market.  There is nothing like a brand new home, or the feeling of buying your first home and with these incentives on offer and interest rates at all time lows, it is certainly an interesting time to be looking at the property market.

Take advantage of the Grant now

Bohème Apartments in Robina, is one project worth taking a look at.  The brand new apartments are all under $550,000 which could net first home buyers both the $20,000 First Home Owner’s Grant and the stamp duty exemption.  Plus, when you buy a Bohème Apartment you will also receive an extra special “Bohème Owner Welcome Pack” valued at over $10,000, which includes:

  • 48” smart TV
  • Stainless steel fridge/freezer
  • 1 year Body Corporate fees paid
  • $1500 legal fees paid
  • Window dressings

If you want to check your eligibility for the Queensland First Home Owner’s Grant, you can visit Queensland State Government’s dedicated page by clicking here.

Bohème Apartments has a full scale furnished display onsite which allows buyers to tour the apartments before completion of Tower One this December.  You can take a tour at the Sales & Display Centre located on the corner of Christine Avenue and The Crestway.  If you would like more information you can visit the Bohème website or phone 07 55 933 911.