CALL FOR BOOST TO RE­GIONAL QUEENS­LAND COM­MU­NI­TIES

The Courier-Mail - Home - - MASTER BUILDERS QUEENSLAND -

It’s a great Aus­tralian dream to own your own home.

Mas­ter Builders deputy chief ex­ec­u­tive, Paul Bid­well, said whether you’re a sin­gle, cou­ple or a fam­ily how­ever, it’s no easy feat sav­ing a de­posit for a new home.

“The $20,000 Queens­land First Home Own­ers’ Grant pro­vided a fan­tas­tic leg up into new home own­er­ship, but with money not al­lo­cated for the $5000 boost in the 2018/19 Bud­get, the grant was re­duced back to $15,000 from June 30.

“Al­ready the loss of the boost is be­ing felt across the state,” he said.

“Data shows there’s less home­own­ers in the mar­ket, par­tic­u­larly in re­gional Queens­land where the boost was a vi­tal shot in the arm for the en­tire com­mu­nity.”

Mr Bid­well said that was why Mas­ter Builders was call­ing on the gov­ern­ment to bring back the $5000 boost for re­gional Queens­land.

“The Queens­land Gov­ern­ment is cur­rently de­cid­ing how to spend the surg­ing min­ing roy­al­ties’ wind­fall; this means now is the per­fect time to bring back the boost,” he said.

“And we know from past ex­pe­ri­ence that when money is spent on build­ing and con­struc­tion, pos­i­tive ef­fects are felt through­out the com­mu­nity.”

Bund­aberg-based JRZ Homes owner, Jesse Zielke, whose de­signs are pic­tured above, said the $5000 boost “most def­i­nitely” as­sisted in help­ing first home buy­ers into new home own­er­ship.

“In the 2016/17 fi­nan­cial year, first home­own­ers were 50 per cent of our turnover and in the 2017/18 fi­nan­cial year, it was 30 per cent,” Mr Zielke said.

“This fi­nan­cial year is trend­ing around the 15 to 20 per cent mark.

“So we’re talk­ing around 16 homes in 2016/17 ver­sus ap­prox­i­mately five homes in 2018/19 fi­nan­cial year.”

Gympie-based Ho­tondo Homes owner and di­rec­tor Chris Dodt said there was a lot of ac­tiv­ity in Gympie with new fam­i­lies mov­ing to the area due to land prices and the cost of liv­ing.

“Younger peo­ple find the cost and thought of build­ing their first home a bit daunt­ing,” Mr Dodt said. “If the $5000 boost was re­in­stated, I think we would see a lot more young peo­ple in­ter­ested in build­ing their first home. The ex­tra $5000 re­ally does make a huge dif­fer­ence.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.