Queensland building boost

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Queensland building boost


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Old 06-22-2011, 02:15 PM
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Queensland building boost

What are your thoughts on the new $10,000 Queensland building boost to be rolled out in August 2011?


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Old 06-24-2011, 11:22 AM
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This will help a lot, no matter how small or big this is depending really on who's asking. I find the bonus for
first time homeowners wanting or building a new home a great addition to the budget.
Upscaling this budget will be cool

cheers

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Old 06-28-2011, 11:07 AM
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This is good news. Something is good than nothing. This will surely boost the real estate market.


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Old 06-29-2011, 08:30 AM
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Robbing Peter to pay Paul

Be advised that also from Ausgust 1st Stamp duty will change as well:-

From 1 August 2011, the way transfer duty is calculated will change. A major part of this adjustment is the indefinite abolishment of “Home Concession” (also known as the "Principal Place of Residence") transfer duty rates.

> For Contracts entered into from 1 August 2011, no concession will be available to those buying an established home who have owned property before.

> Concessions are still available for those buying their first home or those buying vacant land to construct their first home.

> On the plus side, the brackets used for calculating transfer duty have been adjusted. For those buying investment property under $980,000, the amount paid will actually be less under the new rates. A simple example is as follows:

Transfer Duty liability for consideration amount of $500,000.00

Current Investment Rates - $15,925.00

New Rates effective 1 August 2011 - $15,525.00

What one hand gives, the other takes away. Nothing is ever given freely from the government....

BasilBarfly


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Old 07-13-2011, 07:42 AM
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It would be a great help to Queensland and real estate more commercial properties


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Old 07-14-2011, 03:33 AM
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heard Queensland is a real great place. Look for bargains and you're in for a great investment.

thanks

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Old 07-19-2011, 10:39 AM
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How lucky for me.... I am about to purchase a brand new townhouse in Brisbane.


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Old 07-22-2011, 04:06 AM
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Congratulations...

Best regards

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