First time home builders in Queensland stand to receive up to $45,000 in stimulus packages from both the federal and state Governments with a new regional package announced by the Queensland Government today.
Premier, Annastacia Palaszczuk, announced that a $5,000 incentive for new homes built in regional Queensland (outside the South East) has been added to the existing $15,000 first home buyer grants. This means that for those first time home owners that choose to build their house, there is up to $45,000 available in grants when combined with the Federal Government schemes.
Ms. Palaszczuk’s announcement also included a $100 million commitment to tradies over the next six months in an attempt to overcome the decimation that many businesses have felt during the three months since the Coronavirus pandemic saw a widespread shutdown throughout Queensland and the rest of Australia.
“This will mean that first home buyers in regional Queensland could be eligible to receive a grant of up to $45,000 for a newly built home when combined with the Federal Government’s grant support,” said the Queensland Premier. “To provide additional support for tradies and to respond to the homelessness impacts from COVID-19 we are committing another $100 million.”
Furthermore, after the first $100m commitment of $10,000 grants to Queensland small businesses was snapped up in five days, the Government has committed another round of $10,000 grants to small businesses for works designed to improve their business and get them back on their feet.