Industry News, Latest News, Queensland

HomeBuilder initiative officially open in QLD

Tasmania has recorded the highest number of monthly dwelling approvals in a decade, with 369 being reported, which is expected to continue according to the state government.

Queenslanders can now apply for a $25,000 grant to build or renovate their homes under the Federal Government’s HomeBuilder initiative, which aims to stimulate construction and aid economic recovery.

Treasurer and Infrastructure and Planning Minister Cameron Dick said the range of financial incentives available for home builders and renovators would help Queensland unite and recover to support local jobs.

“Queensland will be the first state on the eastern seaboard to open applications for homebuilder, for work that’s commenced since 4 June, or work that’s waiting to commence,” Dick said.

“Queenslanders who build a new home, substantially renovate their home, or purchase an off-the-plan home such as a unit in an apartment complex or new home in a new estate being developed can now apply for the $25 000 grant.

“During these challenging times our mighty construction sector has continued to employ thousands of Queenslanders, and we’re backing our tradies and suppliers to keep building our economy.”

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In addition to HomeBuilder, first homeowners in Queensland can get a $15,000 Queensland First Home Owners’ Grant.

Regional Queenslanders are also eligible for a $5,000 Regional Home Building Boost, which aims to provide extra support to offset the cost of construction or purchase of a new house or apartment outside the south-east corner.

“This means that new first home buyers in regional Queensland can access up to $45,000 in grants to help them achieve their property dream,” Dick said.

“This will provide a huge hand-up to regional Queenslanders who want to secure their first home.

“Transfer duty paid in Queensland is also around $10,000 lower than the average of other Australian states, based on a house price of $500,000, while our government’s transfer duty concession will save first homebuyers up to $15,925.”

Dick said the Queensland Government had committed more than $6 billion of new funding for COVID-19 support initiatives, including funds for the state’s construction industry to benefit tradies, homeowners, seniors and local communities across the state.

“Along with our Regional Home Building Boost and the First Home Owners’ Grant, we’re investing into the $100 million Works for Tradies program which is stimulating housing construction and support hundreds of jobs right across Queensland.

“The $200 million Building Acceleration Fund will also enable councils, the construction sector and industry to unlock development opportunities that will generate long-term jobs.

“We’re also providing $10 million to help Queensland seniors and people with a disability upgrade their homes or undertake up to $5,000 worth of essential repairs and maintenance.”

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