The federal budget announcement today is expected to introduce key measures aimed at easing the housing crisis, including adjustments to property price limits for the 5% deposit guarantee scheme.
Budget Impact on First Home Buyers
While the First Home Owners Grant is typically a state-based initiative, the federal government may announce a nationwide grant, administered by the states, to further assist first-time buyers. Additionally, the Queensland government has removed the limit on first home transfer duty exemptions, making it easier for buyers to enter the market.
Why Acting Fast Matters in the Housing Crisis
With property prices continuing to rise, these budget incentives provide a valuable opportunity for first-home buyers. However, waiting too long could mean missing out, as land and construction costs will likely increase before settlement. The key is to secure a home package in a desirable location as soon as possible.
Exclusive Property Options in Brisbane
We have some excellent property options in both the north and south of Brisbane. If you’re interested, feel free to reach out—I’d be happy to help you find the right home before prices climb further.