Property locusts swarm cut in QLD first home owners’ grant

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By Leith van Onselen

In yesterday’s State Budget, the Queensland Government announced that it would reduce the First Home Owners’ Grant (FHOG) for newly constructed dwellings from $20,000 to $15,000, which garnered a feral response from the building lobby:

Both the Housing Industry Association and the Master Builders Association of Queensland seriously questioned the decision to reduce the grant from $20,000 to $15,000.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.