Cairns to benefit from $5000 boost to first homeowners’ grant
CASHED-up first homeowners are expected to flood the Cairns property market after a $5000 boost to a State Government initiative

People building their first home or buying a new house or
unit can now apply for the Queensland First Home Owners’ Grant, which has
increased from $15,000 to $20,000 for the next 12 months.

New home consultant
at Value Homes, Celina Davids has reported “significant interest” since the
policy was announced.“First homeowners had previously been scarce in the
property market, at least for new builds, but it’s definitely increased now,”
she said.

Andrew Lord is building his first house at Edmonton with
Value Homes. While the 25-year-old electrician missed out on the July 1
increase, he believes the bolstered grant will encourage more young people to
buy property. “I probably would have built without the $15,000 but that was the
icing on the cake,” he said.

REIQ Cairns Zone chairman Tom Quaid said Bentley Park,
Edmonton and Gordonvale offered the most choice for first homeowners. “For
those taking advantage of the grant, we are seeing new land released in the
southern corridor with a lot of builders putting together packages aimed at
first home buyers,” he said. “When it comes to eligible units however, there
are very few in the Cairns market that would be eligible, pushing the cost of
entry higher.”