Can’t afford a house? If you’re in Queensland, you can use the $20,000 first-home buyer grant to put towards building a granny flat instead.
As bizarre as it sounds, a new company that specialises in luxury modular houses has discovered that first-home buyers who cannot afford a house can still access the $20,000 Queensland Government grant if they build a granny flat.
Last year the government announced it would give first-home buyers an extra $5000 towards the cost of their new home, taking the total of the grant to $20,000. That extra boost is set to expire on June 30 and Nano Homes, a NSW-based building and finance company, is urging first-time buyers to consider a granny flat as a real property investment strategy before the grant drops back to $15,000.
Here’s a better idea. Why don’t FHBs march on Domain headquarters and raze it.
