Fact checked
The Quilpie Shire Council has unveiled a newer version of its Home Owner Grant.
The Quilpie Home Owner Grant, which was first introduced in 2021, will be providing $20,000 worth of grants for home buyers across Quilpie Shire: Adavale, Eromanga, Cheepie, Quilpie, and Toompine.
Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers. Click here to continue reading the rest of the article.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.04% p.a. | 6.06% p.a. | $2,408 | Principal & Interest | Variable | $0 | $530 | 70% | Featured Online ExclusiveUp to $4k cashback |
| |||||||||
5.99% p.a. | 5.90% p.a. | $2,396 | Principal & Interest | Variable | $0 | $0 | 80% |
| ||||||||||
6.14% p.a. | 6.16% p.a. | $2,434 | Principal & Interest | Variable | $0 | $250 | 60% |
| ||||||||||
5.95% p.a. | 5.95% p.a. | $2,385 | Principal & Interest | Variable | $0 | $0 | 90% | |||||||||||
5.94% p.a. | 5.95% p.a. | $2,383 | Principal & Interest | Variable | $0 | $0 | 90% |
How does the grant work?
The Quilpie Home Owner Grant, which was a first in Outback Queensland, was originally launched in 2021 and provided $12,500 in funding to eligible homebuyers.
Quilpie Shire CEO Justin Hancock said the initial grant watched the price of the blocks being sold at the time when the grant was rolled out.
“With land valuations rising, and council benefiting from that, and cost of living and interest rates also rising, we recognised that there was a need to increase our Home Owner Grant,” he said.
“Buying in Quilpie still represents exceptional value – and our new $20,000 grant will cover most of the price of their land if they build and live on it. We believe that this new $20,000 grant is the biggest on offer in Queensland.”
The original version of the grant saw seven blocks of land get sold.
The grant will be paid per new home and not to each applicant for the same home. It is developed to provide support to homebuyers and complement the other government grants available to homebuyers.
Who are eligible for the grant?
To be eligible for the grant, the applicant must:
- Be an Australian Citizen or a permanent resident.
- Be a new homeowner in the Quilpie Shire
- Have a home that has never been occupied.
- Reside in the home for at least first six months.
The grant may be applicable for relocated homes, which are houses that have been moved from another site to a vacant block of land and have been renovated.
What is Quilpie Shire and where is it located?.
Quilpie Shire is located 1,000km west of Brisbane on the Warrego Way with a population of 774. Standing as the main business centre of the Shire is Quilpie, which in itself has a population of 595.
Quilpie services the communities of Eromanga, Adavale, Toompine, and Cheepie.
Quilpie Shire’s amenities include supermarkets, a butchery, bakery, newsagent, hairdressers, retail shops, a hospital, medical centre, pharmacy, two schools, Early Learning Centre, community gym, sporting ovals, tennis and basketball courts, free swimming pools, weekly flights and an abundance of open space.
Popular for Outback tourist, Quilpie Shire is known for locations such as the Hell Hole Gorge, Oppal Fossicking Area, and Eromanga Natural History Museum.
The Shire is also famous for activities such as yabbying, bike and horse riding, fishing, kayaking, and sand dune surfing in the desert.
-
Photo by Troykeith85 on Wikimedia Commons
Collections: Mortgage News
Share