Qld gov’t to extend building boost grant

by BN13 Jan 2012


In a bid to boost the state’s contruction industry, the Queensland government is expected to extend its $10,000 grant for new home buyers.

According to the Courier Mail, the Bligh government will push the expiration date of the building boost grant forward to 30 April to prevent the grant from being dropped in the middle of an election campaign.

The scheme offers a $10,000 non-means tested grant to buyers of newly built home and units priced at less than $600,000. As of 11 Jan, only 3728 of the 14,000 grant applications had been awarded.

The three-month extension to the $140 m program will be detailed in the mid-year economic review, which is to be released today.

The release of the state budget update gives Premier Anna Bligh room to announce an election. While Bligh indicated she would not call the poll next week, she did not rule out the possibility of holding it before the Queensland flood inquiry reports on 24 February.