News

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.

Snoop Wogg? We ask leaders the (un)important questions

The pop culture and lifestyle trivia we posed to Australian leaders

Grantham flood fraudster loses appeal

AFTERMATH: Emergency services in Grantham after the deadly 2011 floods. A new inquiry will investigate if man-made features contributed to flooding.

As Grantham was on its knees Blackmore ripped off the system

Jail for brother after brutal bashing in teen sexting case

Ipswich Police Station and Courthouse. Photo: David Nielsen / The Queensland Times

Thug faces court for the 21st time in less than a decade

Latest deals and offers

Sumners Road misses out again

Mt Ommaney MP Tarnya Smith said she was highly disappointed that this important piece of infrastructure was not considered by the State Government.

Snoop Wogg? We ask leaders the (un)important questions

The pop culture and lifestyle trivia we posed to Australian leaders

Grantham flood fraudster loses appeal

AFTERMATH: Emergency services in Grantham after the deadly 2011 floods. A new inquiry will investigate if man-made features contributed to flooding.

As Grantham was on its knees Blackmore ripped off the system

Jail for brother after brutal bashing in teen sexting case

Ipswich Police Station and Courthouse. Photo: David Nielsen / The Queensland Times

Thug faces court for the 21st time in less than a decade

Why Baden-Clay's lawyers say he's not a murderer

Gerard Baden-Clay

The QLD DPP has moved to have Baden-Clay found guilty of murder

This is what Siri looks like in real life

RECALCUATING: The voice of Siri, Karen Jacobsen, presenting a workshop for the staff at Limestone Dental the day after singing at the State of Origin.

She's the woman behind the voice in your phone

Learn to empower business with guest speaker

Damian Morgan will exchange ideas with some of West Brisbane and Ipswich business leaders during a series of free seminars he will be holding at The Lions Richlands on Thursday June 16.

Damian Morgan to speak at business leaders seminar

Dash Cam of Slip in Snow

Even light snow can be hazardous.

Dash cam shows how easy it is to lose control in even light snow.

Chaos outside Istanbul Airport

Turkish police block the road after an suicide bomb attack at Ataturk Airport in Istanbul, Turkey, 28 June 2016. At least 10 people were killed in two separate explosions that hit Ataturk Airport.

Distress as cars escape Istanbul airport after bombing.

Panic inside Istanbul Airport

Turkish police block the road after an suicide bomb attack at Ataturk Airport in Istanbul, Turkey, 28 June 2016. At least 10 people were killed in two separate explosions that hit Ataturk Airport.

Dramatic vision from inside Istanbul airport after explosin.

Burnett Heads housing development approved

COUNCIL APPROVED: A Burnett Heads housing development has been approved by Bundaberg Regional Council. Photo Contributed

Councillors approved the development seven votes to four

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward