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News Flash: New Incentives For First Home Buyers!

News Flash: New Incentives for First Home Buyers!

Brisbane City Council is offering financial incentive and relief to first home buyers by providing a 50% discount on their rates for the first year of ownership of their property.

The First Home Owner Rates Remission scheme commenced on 1 October 2019 and provides a 50% remission of up to $1,000 over a 12 month period to eligible first home buyers.

Eligibility

To be eligible for the First Home Owners Remission Scheme:

  • You must acquire your principal place of residence (first home) in the Brisbane local government area after 1 October 2019;
  • The value of your home must be less than $750,000;
  • You must be over 18 years and an Australia citizen.

How to Apply

You can apply for the First Home Owners Remission Scheme by navigating to the Brisbane City Council website and completing the online application form. Each property owner must make an application to the Brisbane City Council to meet the eligibility requirements.

If you have any further questions about the Brisbane City Council First Home Owner Rates Remission Scheme and how it might affect you, please feel free to telephone our office on (07) 3220 2929 or email us at contact@plastiraslawyers.com.

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