The Federal Government has now passed legislation that will introduce another incentive to help First Home Buyers purchase their dream home faster. Once you register with Brisbane Home Loans, you will receive updates by email with respect to the Scott Morrison’s election promise of a guarantee deposit for first home buyers. This initiative starting in January 2020 will allow you to purchase your first home with just 5% deposit providing you meet the criteria set out to qualify. Our information will assist you in preparing to ensure you qualify and be one of the first to benefit from the initial round of $500 million allocated to this initiative.
Queensland cap of $475,000, should cover the cost of a house in regional centres of Queensland and should also cover the price of a three-bedroom house Brisbane suburbs like Strathpine, Taigum and Petrie.
The downturn in unit pricing also allows units close to the city areas of New Farm or Lutwyche to fall within the cap price allowance.
And regional buyers will have plenty to choose from in the sub-$400,000 market, too.