Ensure you never miss an issue of the
real estate business bulletin
Opposition slams QLD building scheme

Opposition slams QLD building scheme

by Reporter 0 comments

The Queensland government’s building boost program has failed to hit the mark with potential home buyers.

According to the government, the scheme, which gives a $10,000 grant to buyers of new homes worth up to $600,000, was expected to attract 14,000 people but has so far attracted just 3,206.

Queensland’s acting premier Andrew Fraser encouraged Queenslanders to take advantage of the program before it ends on January 31.

Mr Fraser said with the recent rate cuts and price falls, there has never been a better time to get into the property market.

But deputy opposition leader Tim Nicholls said the program was "another Labor fizzer", as figures revealed that only 6 per cent of the grant's budget had been spent while housing approvals slumped to a 10 year low in Queensland.

“With less than eight weeks left to run and just $9 million of the budgeted $140 million approved, this scheme is shaping up to be another financial fizzer from this tired, 20 year old Labor Government," he said.

"When you consider Labor has spent more than a million dollars advertising this scheme with fake money and trips to Sydney and Melbourne, it's obvious the program was more about saving Labor's political skin than fixing the problems in the housing and construction industry.

"The failure of the Building Boost follows the failure of the regional First Home Owners Grant boost in the previous Budget. Two years in a row Labor has announced one off cash handouts for housing and two years in a row the schemes have flopped.”


le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Opposition slams QLD building scheme
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?