PHOTO: The first home buyers grant, aka Great Start Grant, will be cut back by $5,000 from July 1 to $15,000. Picture: Jodie Richter.
BUILDERS are bracing for a last-minute rush as first home buyers scramble to beat higher costs and cash in on a $20,000 housing grant that’s set for cutbacks from July 1.
The urgency has ramped up amid industry warnings that Budget measures announced by the Queensland Government would increase the cost of building a house in the state.
A spokeswoman for Queensland Treasurer Jackie Trad yesterday confirmed to The Courier-Mail that the Great Start Grant would drop from the current $20,000 to $15,000 where it would remain throughout the 2018-19 year.
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