HELP FOR FIRST HOME BUYERS
THE Queensland First Home Owners’ Grant offers first homeowners $15,000 towards buying or building a new house, unit or townhouse (valued at less than $750,000). You can buy off the plan or build yourself.
The State Government also offers a stamp duty rebate of up to $8750 if you are buying an established home valued under $500,000 or up to $7175 if you’re buying a block of vacant land for under $250,000. Stamp duty is a tax paid by the buyer. The first home super saver (FHSS) scheme was introduced by the Australian Government in the Federal Budget 2017-18 to reduce pressure on housing affordability.
The FHSS scheme allows potential buyers to save money for a first home inside a superannuation fund. This will help first home buyers save faster with the concessional tax treatment of super.
You can start saving by entering into a salary sacrifice arrangement with your employer to make voluntary contributions or by making voluntary personal super contributions.