Queensland's first home owners’ grant will be reduced from $20,000 to $15,000 in the
next fiscal year from July 1, 2018. ( based on the date of signing the contract)
In recent years, in order to better support young
people to build their own first dream home, the Australian government
launched
the first home purchase plan in 2016, although the preferential policies have been formulated and adjusted by each state and
territory according to their actual situations, the
First Home Owners’
Grant is included in all the policies. Let's look at the current policy in Queensland.
First Home Owners' Grant
The first home owners’ grant
is invested and managed by
the Australian government, at present, the Queensland government's first
home owners’ grant is
$20000, you can choose to buy or build houses directly, as long as you sign a
contract from July
1, 2016 to June 30, 2018. After settlement or housing
construction finished, you can apply for the grant to the government within 12 months. Currently,
the first home owners’ grant of Queensland is the highest among Australia.
Requirements of applying for the first home
onwers’ grant
Buying a new house (including the stamp duty and completed constructions) or building a new one;
The first home owner must be an Australian citizen or PR;
The owner is at least 18 years old or above;
The owners have never owned any property in Australia.
The
property purchased or constructed must be less than or equal to $750,000.
Notices
To receive a subsidy, anyone who buys
the property must have never
received it.
If you have purchased a property before July 1, 2000, you are
not entitled to this discount.
If you purchased the property after July 1, 2000 and have never lived in the property, you still have the right to enjoy this offer by providing relevant certificates (such as rent contracts,
tax certificate, etc.);
The applicants must move in the property within 12 months after
settlement or the construction is completed, and a residence certificate for more than 6
months is also needed to be provided.