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BRISBANE FIRST HOME BUYERS WOULD YOU LIKE TO SAVE SOME MONEY?

Purchasing your first home is often an expensive process so finding opportunities to reduce costs is always beneficial. We have good news! Brisbane City Council has announced in the 2019-20 Budget that they will provide a 50% rate reduction off rates for Brisbane first home buyers.

What are the rules to get your hands on this money?

  • The rate reduction scheme will provide a 50% rates discount (capped to a maximum of $1,000.00) for the first 12 months of home ownership
  • It will be available on homes with a value of less than $750,000.00
  • The scheme will take effect from 1 October 2019 and will be available to First Home Buyers who are Australian Citizens or Permanent Residents aged 18 years or over; and
  • The homeowner must live in the property for at least 12 months.

The rules are straightforward and allow Brisbane first home buyers to lower costs. It is a sensible option that can be easily acted on.

Interested to Learn More?

Looking for a conveyancing lawyer? The MAP Lawyers team is ready to assist you with your conveyancing needs. If you are a first time home buyer or looking to expand your property portfolio and have any questions, call us on 1300 680 584 or contact us online to get started today!

 

Updated: 21/11/2022

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