Helen Harm says people should get in now before they miss out on the Building Boost grant. Photo: Shannon Newley
Helen Harm says people should get in now before they miss out on the Building Boost grant. Photo: Shannon Newley Shannon Newley

Best time to build

HOW long would it take you to save $10,000?

The Queensland Building Boost could see you save it instantly, but only until January 31.

Helen Harm, of Helen Harm Real Estate, urged property buyers to take advantage of the government scheme open to anyone looking to buy or build a new home under $600,000.

"They are absolutely crazy if they don't take it up," she said.

"If you are in any position to do it, do it now."

Mrs Harm said new house and land packages could be bought for between $250,000 and $300,000, making the $10,000 a fairly significant contribution.

"And first home buyers get $7000 so that's $17,000 for them," she said.

"It's for anyone - developers and companies can apply."

More than 3000 applications have been received to date for the stimulus package - aimed at propping up the construction industry - but Mrs Harm said not too many of those had been local.

"I have only had a few people apply," she said.

Acting Premier Andrew Fraser said along with other incentives from developers and interest rate cuts, there was no better time to build or buy a new home.

"Queensland is the only state in Australia with a major financial stimulus package to build a new home, but the program is due to end on January 31," Mr Fraser said.

He said there had been a significant ramp-up in interest in the boost.

"We have seen big increases month on month and I expect that trend to continue in January."

Head to www.qld.gov.au/boost for more information.



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