More than 300 Sunshine Coast families have taken the opportunity to buy their first home with the help of the Queensland Government’s $15,000 Great Start Grant.
Member for Glass House, Andrew Powell MP, said the program announced in the 2012-13 Budget had now paid out 338 grants on the Sunshine Coast.
“We promised at the election to kick-start the construction industry by encouraging new entrants into the housing market,” Mr Powell said.
“That’s exactly what the Great Start Grants are doing.
“The Government has paid out more than $5 million in grants on the Sunshine Coast, leading to many millions more being injected into the construction industry as first home buyers purchase their new homes.”
Mr Powell said construction was one of the four pillars of the Queensland economy, but was particularly important on the Sunshine Coast, with 11.6 per cent of the region’s total workforce employed in the industry.
“The results speak for themselves,” he said.
“Building approvals on the Sunshine Coast have increased by an impressive 57.0 per cent in the 12 months to February 2014.
“The value of approvals has increased by more than $200 million.
“This shows the Newman Government’s efforts to grow this vital pillar of the Sunshine Coast economy are having a positive effect.”
Mr Powell said the increase in building approvals followed fantastic employment growth on the coast.
“There are now 11,300 more jobs on the Sunshine Coast than 12 months ago,” he said.
The Great Start Grant is available to first home buyers, purchasing or building a new house, townhouse or unit valued at up to $750,000.
More information about the grant and eligibility criteria is available at https://greatstartgrant.osr.qld.gov.au/.
ENDS- 8 April 2014