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2012 09 11 Edition 367 - Redcliffe City News

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New grant to help first home owners and construction industry in Murrumba<br />

Murrumba first home buyers<br />

and the construction industry are<br />

set to benefit from the most<br />

generous ongoing first home owner<br />

grant in Australia in the Newman<br />

Government's first budget.<br />

Reg Gulley MP said first home<br />

buyers would receive $15,000 - up<br />

from $7,000 - when purchasing a<br />

newly constructed home or property<br />

off the plan, under the re-shaped<br />

First Home Owner Construction<br />

Grant (formerly First Home<br />

Owner Grant).<br />

"This new grant will benefit first<br />

home buyers and give the local<br />

construction industry a much<br />

needed boost," Mr Gulley said.<br />

"First home owners buying a newly<br />

constructed or off-the-plan property<br />

who sign a contract on or after<br />

September 12 will receive $15,000,<br />

a great head start on paying off their<br />

mortgage.<br />

Mr Gulley said this generous<br />

grant was aimed at making home<br />

ownership more affordable.<br />

"We've already wiped $7,000 off<br />

the cost of buying the family home<br />

by reinstating the principal place of<br />

residence transfer duty concession,"<br />

he said.<br />

Walking on Water<br />

by Julie M Anderson<br />

Release date to be<br />

announced soon.<br />

www.innerjewels.info<br />

The local construction industry is<br />

also set to benefit from the targeted<br />

and ongoing initiative.<br />

"The construction industry is one<br />

of the four pillars of the Queensland<br />

economy, along with tourism,<br />

agriculture and resources," he said.<br />

"It is a major job generator and<br />

important to our local economy<br />

and the First Home Owners<br />

Construction Grant will help get the<br />

sector powering along again.<br />

Facts- FHOC<br />

The Newman Government’s First<br />

Home Owner Construction Grant is<br />

worth $15,000<br />

The FHOCG is for first home<br />

buyers who are buying a newly<br />

constructed or off-the-plan property<br />

The FHOCG replaces the First<br />

Home Owner Grant which was<br />

$7,000<br />

Those first home buyers who<br />

are about to purchase an existing<br />

dwelling will have until October<br />

<strong>11</strong> to finalise their contract (to be<br />

eligible for $7000 grant)<br />

First home buyers signing<br />

WE NEED YOUR HOME!<br />

Would you like to know what it’s worth?<br />

FREE APPRAISAL<br />

Personal service from a Professional Team<br />

www.mvrealestate.com.au<br />

contracts for new properties<br />

before September 12 will receive<br />

$7000 and those signing on or<br />

after September 12 will receive<br />

$15,000<br />

The program will be<br />

administered within existing<br />

arrangements in the Treasury<br />

department<br />

Major banks and financial<br />

institutions will continue to<br />

advertise the FHOCG in their<br />

loan marketing material, reducing<br />

the cost for taxpayers<br />

The following eligibility criteria<br />

still apply:<br />

It must become your principal<br />

place of residence within one<br />

year of taking ownership.<br />

It must be your principle place of<br />

residence for at least six months.<br />

You must not dispose of<br />

all or part of the property within<br />

one year after you start to occupy<br />

the residence as your home.<br />

You property must be bought or<br />

built at a value under $750,000<br />

Mel 0419 799 345<br />

Lynda 0412 125 283<br />

Licenced Agents

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