Queensland's Great Start Grant, which was designed to give first-time homeowners a leg up in the property market, is "here to stay" for the long-term, treasurer Tim Nicholls said on Saturday (March 30).
He asserted that a total of 805 Queensland homeowners have taken advantage of the scheme between October 2012 and March 28, 2013. The grant of up to $15,000 is available to first-time buyers in Queensland who are keen to buy a new house or apartment.
There are plenty of advantages to buying property in the sunshine state, he said, stating: "Land tax in Queensland remains 20 per cent lower than the national average and transfer duty is 12 per cent below the national average."
The grants, he added, aren't a short-term solution, but are here to stay for the long haul. Representatives from the Office of State Revenue have been onhand at the Brisbane Home Show to inform as many people as possible about the grant.
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