Qld Building Boost program extended

Staff Reporter

Home buyers looking for a property in Queensland have been given an added bonus following the government's decision to extend the state's $10,000 Building Boost program.

“Any initiative which helps the Queensland property market is always welcomed and the extension of the boost until 30 April will likely assist hundreds of extra buyers into a new home,” Real Estate Institute of Queensland CEO Anton Kardash said.

“However, while our property market is starting to show signs of recovery, the removal of the principal place of residence concession on stamp duty last year continues to act as a deterrent to many buyers of both established and new homes,” he said.

The $10,000 Queensland Building Boost is available to buyers or builders of new Queensland homes under $600,000 who sign a residential contract on or before 30 April 2012.

Staff Reporter

Home buyers looking for a property in Queensland have been given an added bonus following the government's decision to extend the state's $10,000 Building Boost program.

“Any initiative which helps the Queensland property market is always welcomed and the extension of the boost until 30 April will likely assist hundreds of extra buyers into a new home,” Real Estate Institute of Queensland CEO Anton Kardash said.

“However, while our property market is starting to show signs of recovery, the removal of the principal place of residence concession on stamp duty last year continues to act as a deterrent to many buyers of both established and new homes,” he said.

The $10,000 Queensland Building Boost is available to buyers or builders of new Queensland homes under $600,000 who sign a residential contract on or before 30 April 2012.

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