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How it works The scheme is based on a shared equity platform, in which the government provides first home buyers with a financial contribution to their loan so they can buy a property. That contribution will account for 30 per cent of an eligible applicant's home loan for an established property and up to 40 per cent for a new build. Eligibility Those who are eligible for the scheme wi...
The Queensland Government has recently increased grants and concessions applicable when buying and building homes in Queensland. These concessions provide an excellent opportunity for buyers to secure a home and/or land at a reduced transfer duty rate. The first home vacant land concession only applies to vacant land valued under $400,000 and can save you up to $7,175. For further detai...
The current first home owner grant available in Queensland provides eligible first-time home buyers and first home builders $15,000 or $30,000 towards buying or building a new home. This affords and exceptional opportunity to eligible buyers to get into the market with a significant financial benefit when building their first home. For further details on this concession, including eligibility, ...
A dual key property is essentially one property that looks like a standard home from the outside but is designed and divided into two separate dwellings. The best analysis is to view a dual key home as a combination between a duplex and granny flat. This is often 3-4 bedrooms and 2 bathrooms on one side, and 1-2 bedroom and a single bathroom on the other. Similar to a co-living home, dual key ...
A duplex is a design of residential home that has two dwellings divided by a shared or common wall. These dwellings can be built on one piece of land with an individual or entity owning both dwellings under the one title. Alternatively, the dwellings can have separate titles and then be sold/owned by two different entities. A duplex may be built on the one title and separated at a point into th...
Co-living homes are a rapidly growing housing concept. Co-living homes are essentially a traditional 3 or 4 bedroom home where residents share common areas such as the laundry, lounge, media and kitchen. Each resident has their own private and secured bedrooms with a dedicated ensuite. With increasing migration, upward inflation trends, cost of living pressures as well as those seeking lifestyl...