Big changes for Queensland property buyers
The Queensland government announced that foreigners buying property in Queensland will pay a 3.0 per cent surcharge.
REIQ chief executive Antonia Mercorella said foreign buyers are around 15 to 20 per cent of the Brisbane new apartment market.
The Queensland government also announced a $5,000 increase to the first home buyer’s grant from $15,000 to $20,000 for new purchases only, not for buying existing dwellings.
Source: Mortgage Business