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."

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Police 'prefer' no mental health workers at emergencies

Police don't call mental health workers to emergencies

Tribunal rules error of law in racing board decision

GREYHOUNDS: Runners in race eight at Thabeban Park.Photo: Mike Knott / NewsMail

Ipswich greyhound trainer's disqualification lengthened

QR executives quit after train debacle

Landsborough railway crossing - Ahead of the school holidays, Queensland Rail is pleading with motorists and pedestrians across the state to stay focused and not gamble with lives at railway crossings.
Photo: Brett Wortman / Sunshine Coast Daily

Announcement made late this afternoon after Queensland Rail held a board...

Local Partners

Train chaos: What commuters need to know right now

TRAIN commuters should be prepared for chaos on the rails this morning, as timetables fall into disarray while QR continues to battle a driver shortage.

WATCH: NASA space station is live, see the view from above

In this picture taken from NASA's International Space Station from April 2015, the SpaceX Dragon is captured with the 57.7-foot-long Canadarm2 robotic arm before its installation to the Harmony module.

See the world from a new perspective as space station passes Rocky

Community garden set for Palmwoods

Kay Nixon at the Palmwoods Community Gardens will be hosting a launch day and inviting the ecommunity to come along and sign up.

Parcel of land to supply sustainable gardening for community

Barry Gibb is coming to Bluesfest 2017

FANS: Barry Gibb talks to a fan next to a cardboard cutout of his young self.

Aged 70, Gibb has re-launched his solo music career with a new album

The Bachelorette fans rally around devastated Matty J

The Bachelorette runner-up Matty Johnson.

CALLS for reality dating show's runner-up to be the next Bachelor.

RECAP: The Bachelorette S2E12 - the finale

Georgia Love pictured in a scene from The Bachelorette finale.

GEORGIA chooses Lee and leaves Matty J heartbroken.

The Bachelorette finale: Georgia declares her love for Lee

Georgia Love with The Bachelorette winner Lee Elliott.

MATTY J left heartbroken in emotional grand final.

Buy your own brothel: Scarlet Harem for sale

OPPORTUNITY KNOCKS: The Coast's first brothel, Scarlet Harem at Kunda Park, is up for sale.

Coast brothel madam sells up

Tom Cruise credits success to Scientology

Tom Cruise

Tom Cruise credits his success to Scientology

Hacksaw Ridge leads AACTA Awards nominations

Andrew Garfield and Teresa Palmer in a scene from the movie Hacksaw Ridge.

MEL Gibson's wartime drama opens in cinemas next week.

Want to own one of Australia's best restaurants?

TOP GONG: Mooloolaba Spice Bar has been named in TripAdvisor's Top 10 Australian restaurants for 2016.

Here's your chance to pick up one of the Coast's favourite eateries

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Look at me! Kath and Kim home up for sale

Kath and Kim from the iconic Aussie TV series.

'Crack open the Baileys and grab a box of BBQ Shapes'

How to fit 100,000 new homes on the Coast

Property, real estate, housing, suburb,  August 2016

Fitting 2m extra people in south-east Qld in 25 years a balance

Hinterland horse stud passed in for $8.25 million

UNREAL: This Maleny estate is incredible.

12-bedroom hinterland horse stud still available

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?