First Home Buyer in Brisbane City Council? Would you like to save some $$$?
Brisbane City Council has announced in the 2019-20 Budget that they will provide a 50% rate reduction off rates for First Home Buyers buying in Brisbane.
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.