First-Home Bonus Comes With New Year Changes

First-Home Bonus Comes With New Year Changes

IN A New Year’s bonus, first-home buyers have scored an extra six months to bank a $20,000 grant to buy a new home.

The Queensland First Home Owners’ Grant was due to end December 31 but has been extended to 30 June 2018, Acting Premier Jackie Trad said.

Depending on the contract date, buyers get $15,000 or $20,000 towards buying or building a new house, unit or townhouse valued under $750,000.

“Not only are we helping people get into their first home sooner, we also want to give an incentive to people to build new properties because that means more jobs,” Ms Trad said.

Meanwhile, housing investors will no longer be able to claim the cost of maintaining their rental properties as a tax deduction from today. But the Australian Energy Marketing Commission says households in southeast Queensland stand to save about $100 this year.

This will largely be driven by changes in wholesale electricity costs – including new renewable electricity generation coming online – and a change in funding to the State Government’s solar feed-in tariff.

Source: Gold Coast bulletin 1 January 2018

For more information  The Queensland First Home Owners’ Grant 

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