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New incentive spikes sales

John Keen from the Village at Durack speaking about the $15,000 first homeowners grant for new houses. Photo: Inga Williams / The Satellite
John Keen from the Village at Durack speaking about the $15,000 first homeowners grant for new houses. Photo: Inga Williams / The Satellite Inga Williams

NEW Durack homes are selling like hotcakes thanks to the launch of the First Home Owner Construction Grant.

QM Properties sales manager Damien Ross said the $15,000 grant, which was launched in September last year, had significantly spiked sales at Durack Village.

"Over all of our developments in south-east Queensland, sales have doubled as a direct result of the new grant," he said.

"These developments strongly appeal to young first home buyers due to their affordability.

"Over all of our QM developments, around 55% of sales since the grant was announced have been to first home buyers."

Mr Ross said Durack was appealing to the young family market due to its proximity to the Brisbane and Ipswich CBDs and public transport options.

"It is one of the closest new developments to the city," he said.

"11 sales were achieved in October last year."

Mr Ross said Durack was also selling fast because QM Properties offered its own building boost ranging from $4000 to $8000 in some developments as well as a $2000 landscaping rebate.

"It is a buyers market at the moment, with very good offers to the consumer," he said.

"This means that first home buyers can achieve up to $25,000 extra value on some land.

"The main requirement is that purchasers must commence building a home in a predetermined time after settlement.

"This money can be used to assist with rental or mortgage payments or furnishing their new home."

First home owners have also taken advantage of a partnership between QM Properties and some builders who are offering up to a further $10,000 off the standard building cost of a new home.

"This offer is very attractive to the new home property market at the moment," Mr Ross said.

"This package also supports our builders and speeds up the construction work on estates.

"The last thing a developer wants is an empty estate."

Topics:  first homeowners grant


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