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ARTICLE · 26 JUNE 2020

Federal and Queensland home builder grants

Holding Redlich
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This update sets out criteria and grants offered under three relevant schemes for Queensland residential home owners.

AustraliaReal Estate and Construction
Ranjit Singh
Ranjit Singh
Nicola Howell
Nicola Howell
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Following the Federal Government's initial announcement of the $680 million HomeBuilder scheme on 4 June (which we discussed here), the Queensland State Government has recently unveiled a level of stimulus which has not been seen before in the new residential marketplace in North Queensland.

The HomeBuilder and regional home building boost grant (which complement the existing First Home Owners Grant) have been introduced in a bid to overcome the economic downturn the residential construction industry faces as a result of COVID-19. These time-limited schemes can be combined for certain eligible buyers, but none apply for established dwellings or investment properties.

In this update, we set out the criteria and grants offered under three relevant schemes for Queensland home owners – the Federal Government's HomeBuilder, the State Government's regional home building boost grant and First Home Owners' Grant (FHOG).

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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