After the QLD government came out last year advising the boost was not going to be extended past the original deadline of 31 January 2012, however things obviously changed over the Christmas break and they have now decided to extend the grant by 3 months. The reason for the extension is due to the poor take up rate over the first 6 months with only 3700 applications being submitted.

I’m not sure why they have only extended it for 3 months. I would have looked to keep it in place for the whole year. Now that they have extended it 3 months, I wonder if they will extend it again if there is still budget for it or if it fails to perform to the expectations of the government.

The new end date for the QLD Builders Boost is no 30 April 2012.

Queensland is certainly going through tough times at the moment but there are some really good buying opportunities around Brisbane that many people are dismissing. Brisbane is at the bottom of the property cycle and is showing all the right signs of great capital growth in 2012, 2013 and beyond.

If you are considering a new apartment in Brisbane, I highly suggest reviewing what is available and taking action in securing your new apartment… and don’t forget… you’ll get the $10,000 Builders Boost Bonus!