Building boost grants
Indigo Homes is welcoming the State Government’s decision to extend the deadline for building boost grant applications to April 30.
Over the next three months, new homebuilders and property investors can still save on construction costs of up to $10,000 if they apply for the Queensland building boost grant.
CEO for Indigo Homes, Chris La Franchi, believes 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 said that the grants are helping to stimulate what is currently a very depressed market, by helping to lessen the price gap between established and new homes.
The Indigo Homes CEO believes that price gap rise was 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 to live or invest in for under $600,000.
According to the State Government, 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.”
Indigo Homes is also extending its $4000 cash-back offer to coincide with the Government’s building boost grant extension, which means further savings of up to $14,000 for home builders and property investors.
Sharyn Parker is Assistant to Manager at Indigo Homes. Indigo Homes not only build the most stunningly designed, value-for-money, quality homes but also want to make your building experience as relaxing as possible.
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