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    Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport
    The Honourable Curtis Pitt

    $20,000 grant driving sales of newly constructed homes

    Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport
    The Honourable Curtis Pitt

    Tuesday, September 06, 2016

    $20,000 grant driving sales of newly constructed homes

    New homes are being snapped up off the plan by people keen to seize on the Palaszczuk Government’s $20,000 Queensland First Home Owner’s Grant. 

    Treasurer Curtis Pitt visited Stockland’s Pallara community, where half of the houses sold to date have been purchased using the Queensland First Home Owner's Grant. 

    “Low interest rates, reasonable house prices and our $20,000 First Home Owners Grant are proving irresistible to people looking to get into the market,” Mr Pitt said. 

    “Since the boosted grant took effect on July 1 we’ve received 577 applications worth $11.5 million and of those a total of 213 grants worth $4.3 million have been approved so far, with more to be approved as house purchases by applicants proceed. 

    “I’d encourage anyone looking to get into the market to move quickly because in the last two months alone a quarter of the $40 million allocated to this scheme has already been applied for and the $20,000 is only on the table until June next year. 

    “It’s clear that having $20,000 upfront towards a new home is convincing many Queenslanders to buy sooner, so this flood of applications is really gratifying. 

    “I know many Queenslanders were concerned they may never save enough money for a deposit towards a new home. 

    “This is a significant win for first home buyers and it’s a win for the building industry state-wide, stimulating demand for new product and supporting thousands of building construction jobs.” 

    Stockland’s Pallara community is located just 19km from the Brisbane CBD. 

    Stockland general manager Kingsley Andrew said it’s the last remaining greenfield development in greater Brisbane. 

    “It’s in an established corridor surrounded by Sunnybank and Forest Lake which is traditionally the highest selling postcode in Brisbane,” Mr Andrew said. 

    “What’s really resonating is the price point, you can’t buy new housing in greater Brisbane for that sort of money. 

    “A $20,000 boost from the State Government goes a significant way towards helping pay for a brand new home here, with house and land packages starting from $450,000.” 

    The 12 month boosted grant applies to the purchases of a newly constructed house or apartment under $750,000. 

    To see the eligibility criteria and apply: https://firsthomeowners.initiatives.qld.gov.au 

    Media Contact: 0419 945 546