The First Home Owner Grant has changed and evolved since it was introduced 16 years ago. The national scheme, funded by the states and territories and administered under their own legislation, makes funds available to first home buyers. It is often coupled with savings on stamp duty for first-timers, too. The FHOG was established to offset the impact of the then-new GST, but it has become an...
Real Estate
The new owners of a termite damaged home in Queensland that sold at auction on the weekend for $360,000 plan to restore the home to live in. Prior to auction, the Buderim property had been declared uninhabitable by insurers due to extensive termite damage to 75% of the house. Local builder Kristian Muir from Muir Developments bought the property on Saturday and says he’s not afraid of the...
Sophie Foster, News Corp Australia Network September 24, 2016 2:00am QUEENSLAND has emerged as the most attractive property market in the country, as interstate buyers search for a better deal. Property prices hit record highs this week, a feat experts say is no “flash in the pan”, with cashed-up buyers now flying in from southern states on weekends to view homes. Catch up on the latest...
While this capital’s performance is consistent compared to its peers, there’s no significant growth on the horizon Brisbane’s house market saw a reasonable increase of 2.95% over the June 2016 quarter, reports Eliza Owens, market analyst at OnTheHouse.com.au. This quarterly growth was the highest in the country, although the Queensland capital’s unit market was stagnant. In addition, Real...
Sophie Foster, News Corp Australia Network November 19, 2016 12:00pm AFTER doing a lot of the heavy lifting for the economy, the housing sector has officially begun to slow, according to construction and housing finance figures. But there’s a way to go yet for the sector which came into its own during a tumultuous post-mining boom economic adjustment period, said Suncorp Bank economist...