First Home Owners Quantum Package QLD
The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner. From 1st of July 2018, you’ll get $15,000 towards buying or building your new Linton Apartment.
You will also get savings on Stamp Duty of up to $11,617 up to the value of $572,538.
Quantum Special Offer all new Home Buyers
- Stamp Duty Free on all selected properties
- Additional Cash Bonus of $15,000, add to FHB Grant of $15,000 – Total $30,000
The amount you get in SD rebate differs depending on the price of the property you are buying:
- Properties valued up to $500,000 Rebate is $8,750 (the maximum rebate you can get).
- Properties valued at between $500,000 to $550,000: You’ll pay some stamp duty but the reduction in costs is at a reduced rate. For example, a property valued at $505,000 : the stamp duty you would normally pay is $8,925, with the Quantum FHO Package you would only pay $1,050 (a saving of $7,875). However, Quantum will PAY ALL THE REMAINING DEDUCTIONS on selected apartments.
- Purchase price $550,000 or more: Once the purchase price is $550,000 or higher, the first home owner rebate cuts out so you’ll be charged the same stamp duty as you would if you were buying a Linton Apartment as a normal owner occupier. Quantum will COVER ANY ADDITIONAL stamp duty on selected apartments.
To be eligible for the grant
- You must be at least 18 years of age.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spouse must not have previously owned property in Australia that you lived in.
- You must be buying or building a brand new home.
- The value of the home is less than $750,000.
- You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
DISCLAIMER: This offer is subject to you obtaining approval under the Queensland First Home Owners Grant (refer to conditions at https://www.qld.gov.au/housing/buying-owning-home/apply-first-home-grant and an approval for a first home buyers loan. Quantum hols ACL 305 605 and is able to help source a suitable loan for applicants. Potential buyers need to visit our display suite at Cnr of Stanley Street & Wellington Road, 865 Stanley Street, Woolloongabba.