Great financial incentives now available for First Home Buyers

Wednesday, September 10, 2008

From 1st September 2008,  the Queensland Government  has introduced significant changes to Stamp Duty to encourage First Home Buyers to enter the Real Estate market.

First Home Buyers will now pay no Stamp Duty on their first home purchased for up to $500,000 ( a saving of $8,750).
Concessional Stamp Duty on a sliding scale is available on vacant land (up to a sale price of $300,000)  purchased by First Home Buyers to build their first home (within two years and subject to certain conditions).
Mortgage Duty for First Home Buyers was abolished on 1st July 2008.
In addition, First Home Buyers are eligible for the First Home Buyers Grant of $7,000.

What do the Stamp Duty concessions for First Home Buyers mean to you as a property owner?  Buyers now have greater motivation to start looking for a home to buy. Maybe your home could interest them?

Contact the Sales Team at Central Realty (Mt Gravatt)  on 3343 8000 if you would like a free appraisal on your home. Our specialist areas are Mount Gravatt, Mount Gravatt East, Upper Mount Gravatt, Holland Park, Holland Park West, Wishart, Mansfield, Eight Mile Plains, Mackenzie, Macgregor and surrounding suburbs.

(For more information on the First Home Buyer Stamp Duty concessions, see www. firsthomebuyers.qld.gov.au).

- Michael Sunderland