Brisbane First Home Owners To Receive 50% discount on Council Rates

When it comes to buying a new property, no doubt you’ve heard the phrase “location, location, location”. But how about “timing, timing, timing”?   Brisbane City Council are offering 50 percent rates discount for first home owners for one year right now, making the time to buy in Brisbane, now!  

On 1 October 2019 the First Home Owner Rates Remission scheme will commenced. Available for homes within the Brisbane City Council area within a value of less than $750,000 and acquired as a principal place of residence. The best part about this offer is it doesn’t have to be a new build – existing houses or units will also be eligible under the scheme (hooray!).  

However, to be eligible, the change of property ownership (transfer date) must be recorded by the Titles Registry Office of Queensland on or after 1 October 2019.

How does the offer work?

A 50% remission will be granted to a maximum of $1,000 over a 12 month period from the transfer date of the land to the owner of:

  • General rates (post application of rate capping)
  • Environmental Management Compliance Levy
  • Bushland Preservation Levy
  • Waste Utility Charges

Once your application is verified and approved by Council, a portion of your rates and charges will be remitted from the commencement of the next rating quarter.

To view more eligibility criteria, details and apply for the First Home Owner Rates Remission scheme visit Brisbane City Council’s website here.

Got your eye on a property but not sure where to start?

If you’re looking to buy a new property and don’t know where to start, have a chat with your local Queensland Country Credit Union Home Loan Specialist.  Click here to book an appointment.