In the News
Queensland Budget 2011-12 Released
Housing sector reforms
Premier Anna Bligh and Treasurer Andrew Fraser announced reforms to the state's housing sector, aiming to boost construction jobs and make new housing more affordable through a new Queensland Building Boost program.
The Queensland Building Boost is a six month, $140 million initiative that will provide a $10,000 grant for all Queenslanders constructing or purchasing a new home up to the value of $600,000, with first home buyers also eligible for the $7,000 first home buyer's grant. It will be available for six months from 1 August.
"The Queensland Building Boost is a shot in the arm for the construction industry and yet another Bligh Government reform that makes entering the housing market more affordable," the Premier said.
Ms Bligh said the program comes on the back of previous reforms, including stamp duty exemptions for first home purchases up to the value of $500,000.
The program will be funded by removing a concession on transfer duty for a principal place of residence.
For further information please visit: http://www.budget.qld.gov.au
Author: UrbAnalyst
Posted: 15, Jun 2011
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