Professionals Bundaberg Real Estate principal Brian Porra considers the consequences of a proposed $3000 increase for first-time home buyers in regional areas.
Professionals Bundaberg Real Estate principal Brian Porra considers the consequences of a proposed $3000 increase for first-time home buyers in regional areas.

Money may help out in Bundaberg

PROFESSIONALS Bundaberg Real Estate principal Brian Porra says he can see how the proposed initiative will be beneficial for first homebuyers.

“Anything that allows young people to get into the real estate market is a good thing,” Mr Porra said.

“There are many benefits to home ownership.”

Mr Porra said it could not hurt an area like Bundaberg, where there was a shortage of rental properties.

Meanwhile, interest groups across Queensland said the $3000 proposed increase was not enough.

Property Council of Australia executive director Steve Greenwood said creating jobs would be a better motivator, as the average cost of moving from Brisbane to Cairns was $5000.

Currently, Queensland grows by 12 people each hour, or more than 100,000 new Queenslanders a year.

Seventy percent of new Queenslanders live in the south-east corner.



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