The Weekend Post - Real Estate : 2020-07-11

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UNDER THE HAMMER: THIS WEEK TUESDAY 14 JULY 5.30pm - Whitfield Chapel, 47 Heavey Cres 32 Loretta Ave, Woree Gisele George, RE/MAX Cairns UNDER THE HAMMER: TOP RESULTS 233 Toogood Road, Bayview Heights PASSED IN David Hall & Nick Moller, LJ Hooker Cairns Edge Hill CALL TO GET FUNDS FLOWING Master Builders Deputy CEO, Paul Bidwell, is calling on the Queensland Government to get the stimulus package applicatio­n process “up and running now, to get the money flowing and get Queensland building again”. He said the government stimulus packages announced so far would stave off a disastrous 2020 for the residentia­l sector while softening the impact of COVID-19 on Queensland’s constructi­on industry. Mr Bidwell said building approvals for new dwellings in May 2020 plunged by 7.4 per cent, pushing the 12-month total down 14 per cent. “The state-wide drop confirms what we were hearing prior to the announceme­nt of the state and federal government­s’ stimulus packages in June,” Mr Bidwell said. “Early indication­s have shown an extraordin­ary response to the Federal Government’s $25,000 Homebuilde­r Grant and the State Government’s $5000 regional home building boost grant. The stimulus measures mean that a first home buyer who builds new in regional Queensland could be eligible for $45,000 towards their new home.” y e d u The time is right Australian real estate is moving through change. Take the time with us to uncover what this means for you, to dream, to research and how to make your next property move. Our expert real estate editorial team is committed to keeping you updated on all the latest property news. Know when the time is right for you. cairnspost.com.au/realestate 05 THE CAIRNS WEEKEND POST REAL ESTATE, Saturday, July 11, 2020 V1 - CCPE01Z01R­E

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