First Home Buyers Incentive

The First Home Buyers Incentive is a Townsville City Council initiative offering first home buyers’ up to $1,000 off their rates bill at their new property.

To be eligible for this incentive the property must be a first home purchase; be the owners primary place of residence; and the home and land must be valued at less than $450,000.

This rebate, combined with the existing $20,000 of grant on offer from the Queensland Government for Regional Queensland and the $25,000 grant provided by the Federal Government means people building a new home in Townsville could now be eligible for incentives of up to $46,000.

Eligibility

Eligible First Home Buyers will receive up to $1,000 off their first years rates for:

  • New and existing homes purchased in the Townsville Local Government area from 1 July 2020;
  • This discount is per new home - not to each of the applicants for the same home;
  • Home and land must be valued at less than $450,000;
  • Must occupy home before 1 July 2021; and
  • Must reside in the home for a continuous period of at least 6 months.

What you must supply

  1. A copy of your Queensland Government First Homeowner’s Grant application and approval;or
  2. A fully completed copy of the signed Form OSR D2.1 not all owners as first homeowners and available from your solicitor or conveyancing officer; or
  3. For land purchased prior to the 1/07/2020, the signing pages of your build contract  showing it was signed between 1/07/2020 and 30/06/2020
  4. Other documents you believe prove your compliance

How to apply

If you would like to apply for the First Home Buyers Concession, please download and complete the following form.

If have any questions please contact Council on 13 48 10.

First Home Buyers Concession Policy

To encourage the economic development of Townsville the Council will provide a concession to first home buyers by way of a rebate of general rates.