QLD First Home Buyer Construction Grant

The Newman QLD Government handed down its first Budget today.

They are introducing a First Home Buyer Concession Grant of $15,000 for those buying their first new home, however, there is a catch.

In order to get the Grant, you will need to buy a newly-built home, or construct a new home of your own.

I assume that means the current $7,500 First Home Owner Grant will be abolished, which means if your first home is an existing property, you'll get nothing.

The hand giveth, and the hand taketh away.