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Building boost grants still available

New home builders and property investors can still save up to $10,000 on construction costs thanks to the Queensland Government’s building boost grant.

The State Government has announced that they are extending the deadline for all building boost grant applications to April 30.

Indigo Homes has welcomed the Government’s decision to continue offering the grant to Queensland investors and home builders for an additional three months.

CEO for Indigo Homes, Chris La Franchi, says that the grant extension will be a good thing for the market.

“Market awareness of the building boost didn’t start to pick up until late November,” La Franchi said.

“I think the next 3 months will see a much better response to the building boost due to more increased awareness in the market than pre-Christmas,” the Indigo Homes CEO added.

La Franchi believes that the grants are helping to stimulate a very depressed market and lessen the price gap between established and new homes, due to increased energy efficiency requirements and other government policies that have driven up the cost of new housing.

“The combination of the building boost and potentially further interest rate cuts in February equate to possibly the best time to get into the market for people looking at building in many months,” La Franchi said.

The building boost grant is available to eligible Queenslanders looking to buy a home under $600,000 to live or invest in.

The grant was “designed to re-ignite Queensland’s housing construction sector following a combination of falling property transfers and the economic impact of a summer of natural disasters,” according to the State Government.

Indigo Homes is also extending its own $4000 cashback offer alongside the Government’s building boost grant extension, which means further savings of up to $14,000 for home builders and property investors.

For more details on the Indigo Homes cash back offer, please visit our previous post on the Queensland Building Boost and Indigo Cashback.   However, please note that the Indigo Cashback offer will now also be available until April 30.