CALL FOR BOOST TO REGIONAL QUEENSLAND COMMUNITIES
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.”