Pete Wargent blogspot


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Friday, 10 June 2016

Queensland budget changes

The Queensland state budget is set to increase the first homebuyers grant on new dwellings valued up to $750,000 to $20,000. 

On the flip side, it looks as though a "revenue grab" will be targeted at foreign buyers in order to theoretically raise a projected $15-25 million per annum, in the guise of a 3 per cent stamp duty surcharge.

The latter change to tax law is unlikely to be a helpful move for the ailing new apartment market.

I had a yarn with Domain about it here (or click image).