In Queensland, the first home owner grant is a government initiative to help new homeowners purchase their house.
The First Home Owner Grant in Queensland was created so that aspiring owners can afford houses. Designed for young families and entrepreneurs who are making an investment in themselves by purchasing property to start up their own business or raise a family, this program provides many benefits including tax deductions of $10,000 with no repayment obligations while qualifying applicants must have lived outside the state at least one year prior to applying for qualification purposes.
For more information on first home owners grant, you can talk to a mortgage broker in Queensland.