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Queenslanders Given Helping Hand onto Property Ladder

By David Bell

Grants are being made available to Queenslanders hoping to get onto the property ladder for the first time, which may encourage interest in real estate in Rockhampton.

A total of 805 grants are on offer, which are designed to help people build or buy a new house or apartment.

As treasurer Tim Nicholls explains, the initiative will not only stimulate the Queensland property market, but also the construction industry as a whole.

"I am pleased to reveal that the grant is off to a very positive start and I want to reiterate that the Great Start Grant is not a short term sugar hit. It's here to stay," he commented.

The $15,000 funding is expected to give people the encouragement they need to make it onto the property ladder.

Mr Nicholls recently welcomed new data from the Real Estate Institute of Queensland that showed the number of units and townhouses sold across Queensland increased during the final quarter of last year.

In the last three months of 2012, there was a nine per cent rise in sales compared to the previous three-month period, suggesting that people are keen to live in the area.

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