The Real Estate Institute of Queensland (REIQ) has welcomed the LNP Government’s latest State Budget, applauding key housing initiatives that support first home buyers and streamline development processes.
A standout measure is the launch of a $165 million shared equity scheme, designed to help 1,000 aspiring homeowners over two years. Under the scheme, eligible buyers can purchase a property with just a 2% deposit, accessing up to 30% government equity for new homes and 25% for existing homes. The scheme will now apply to properties valued up to $1 million, an increase from the previously proposed $750,000 cap.
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