The first home buyers grant in Queensland will be increased to $20,000 next financial year, however the deal will only be available for one year. The grant currently stands at $15,000 and is offered to people who buy or build new homes, valued at less than $750,000. First home buyer’s grant will be increased by $5,000 to $20,000 for 2016/17 and foreign house buyers will be charged a new stamp duty of 3 per cent.
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