[cobran20]

Looks like Bligh is following Krudd & Goose' brilliant policy. Now watch as the price of building a dwelling in QLD rises by at least $10K!

link

Quote

The Queensland Government has announced a new Queensland Building Boost grant available to any individual, corporation or trustee of a trust purchasing a new property between August 1, 2011 and January 31, 2012. This Queensland Building Boost grant of $10,000 is for people building or purchasing a new property, townhouse or apartment that has a total value (including land) of under $600,000. This is good news for anyone considering buying a new property or building on their vacant land, but is only available for a short time. To find out more about the Queensland Building Boost, call 1300 558 736.

If you are looking to buy real estate in Queensland, you must enter into a contract to purchase the new property (including off the plan), or enter a comprehensive building contract to have a property built before 31 January 2012 to be eligible for the Queensland Building Boost grant.


A new property, townhouse or apartment is one that has not been previously occupied or sold as a place of residence or has been substantially renovated without any previous residents in the renovated home.

This is available to any Australian resident who is purchasing a new property, townhouse or apartment in Queensland.

The Queensland Building Boost grant has been implemented to encourage consumers to purchase new properties to stimulate Queensland's building sector. The property market has been facing hardship with a fall in real estate transfers and the economic impact of the summer's natural disasters. The Queensland Building Boost is helping families, investors and first home buyers to purchase a new home, townhouse or apartment or investment property and encourages anyone who has been considering building to do so now.


First home buyers are also eligible for the $7,000 First Home Buyer's grant making now a great time to invest in real estate.

Premier Anna Bligh believes this Queensland Building Boost will help fuel the economy and create new jobs. "Housing construction is a major employer in Queensland. This Boost is aimed at stimulating that market and creating more Queensland building jobs," she said.

The new grant makes Queensland the Australian state with the highest paying benefits for new home buyers

[zaph]

cobran20, on 02 August 2011 - 02:18 AM, said:

Looks like Bligh is following Krudd & Goose' brilliant policy. Now watch as the price of building a dwelling in QLD rises by at least $10K!

link

the you tube on the site is a must see. at least with krudds boost he didn't directly recommend people to buy.

[ummester]

If it works or not really remains to be seen, doesn't it? QLD resi REA is losing around 10k per month ATM, isn't it? Greater fool who takes 10k now and suffers 100k losses over the next year or 2.

What's more is that is is only on new builds. Won't help all of those trying to sell established places that have been lived in, will it?

This post has been edited by ummester: 02 August 2011 - 05:23 AM

[zaph]

ummester, on 02 August 2011 - 05:22 AM, said:

If it works or not really remains to be seen, doesn't it? QLD resi REA is losing around 10k per month ATM, isn't it? Greater fool who takes 10k now and suffers 100k losses over the next year or 2.

What's more is that is is only on new builds. Won't help all of those trying to sell established places that have been lived in, will it?

at least it's a bribe that will add to supply. some of the somersoft folk are foaming at the mouth about getting it on multiple properties, most don't give a phuck. they should have called it the bogan first investors grant. it will attract enough interest from south, from those who like a rug sale to oversupply the qld market.

i'm not one for thinking govts should be held to account, but when they blatantly say now is a good time to invest they should be held responsible if now isn't a good time.

free free free.

[zaph]

Quote

As of Wednesday, 940 applications for the boost had been made, with 240 approved.

In a statement, Treasurer Andrew Fraser said it was still very early days for the boost but applications had been increasing every week.

"These programs take time to ramp up," he said. "It's typical of all home stimulus schemes, such as the First Home Owner Grant."

Mr Fraser did not respond directly to a question about what may happen to any money left over from the $140 million allocated to the program, but did say the Government was not contemplating changes to the program.

http://www.courierma...6-1226173602292

that's around 17% of the budgeted uptake. looks like it's been a total failure, even with the massive advertising campaign across Australia.
edit - hasn't turned out to be the "surgical strike" that the treasurer described it as

This post has been edited by zaph: 21 October 2011 - 06:40 PM

[Easy Tiger]

zaph, on 21 October 2011 - 06:38 PM, said:

edit - hasn't turned out to be the "surgical strike" that the treasurer described it as

Are you familiar with Qld Health? I’d say it’s pretty darn close to being acceptable by Q-healths beaurocratic (sp.) standards

[zaph]

Easy Tiger, on 21 October 2011 - 11:43 PM, said:

Are you familiar with Qld Health? I’d say it’s pretty darn close to being acceptable by Q-healths beaurocratic (sp.) standards

lol. i wonder if you have to wait as long for the grant as a nurse at the rbh?

if yardney is anything to go by i reckon patel has a bright future as a property spruiker when he gets out of jail.

[zaph]

Quote

WITH about six weeks until the State Government's $10,000 building boost finishes, there's still hope home buyers will rush to buy a new property.

Latest figures show the scheme has attracted about 2600 applications, well below the 14,000 people the Government had hoped to lure through the program introduced on August 1.

About 1100 of the applications have been approved and Treasurer Andrew Fraser's office said many were yet to be processed and only a small portion had been rejected.

Primary school teacher Kate Natoli, 27, recently bought a two-bedroom house and land package at Stockland's new Mode village at North Lakes for $274,000.

She was eligible for the $10,000 building boost and $7000 First Home Owner Grant.

"By being able to get the $17,000 I've been able to get somewhere closer to the areas I'd hoped," Ms Natoli said.

"With only the $7000 first home owner's grant I was looking further out (of Brisbane) and looked at townhouses in gated complexes and it wasn't really what I wanted."

Ms Natoli saved up an additional $30,000 to afford her first home which she expects to be completed by mid-2012.

http://www.courierma...n-1226224443006
massive policy failure. massive political success.
this grant was announced at the same time as the increase in stamp duty. the duty increase hardly got any press. this grant has got heaps of positive coverage. note to politicians - when increasing taxes introduce a time limited gift to divert attention.
it would appear the grant has not lead to one extra dwelling be built on historical demand - just a gift to those who would have built anyway. or would building figures have been far lower without it? so it appears demand driven stimulus aimed at encourage supply doesn't work. those that say ng should apply only to new builds might want to think again.