$3000 extra for FHO's!

Discussion in 'Property Market Economics' started by Jacque, 12th Nov, 2008.

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  1. Jacque

    Jacque Jacque Parker Premium Member

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    Seeing as we're on a spending spree for those lucky first home buyers, why not make it even more?! News from the NSW OSR site..
    Effective from 11 November 2008 a NSW New Home Buyers Supplement of $3,000 will be added to the existing $7,000 grant for eligible First Home Owner Grant applicants building a new home or buying a newly constructed home. The $3K Supplement will be available for 12 months (11 Nov 2008 to 10 Nov 2009), at which time it will be reviewed in the context of the property market. This Supplement is in addition to the $14,000 provided under the Commonwealth’s First Home Owner Boost scheme. This will give eligible First Home Owner Grant applicants building a new home or buying a newly constructed home a total of $24,000.

    No wonder we're all coughing up to pay a congestion tax to get into our own city- someone has to cover the benefits handed out by our govt!!
     
    Jacque, 12th Nov, 2008
    #1
  2. Smartypants

    Smartypants Well-Known Member

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    Lol, I saw the title and thought "what's an extra $3 going to do?" 3 Grand, that's a bit different.

    Not that I begrudge anyone getting their first home, just wish I had that leg-up when I first purchased.
     
    Smartypants, 13th Nov, 2008
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Doesn't it make you feel a bit old when you realise that we are "old school" first home owners - we saved our own deposit and bought our first home without any government assistance whatsoever! :rolleyes:
     
    Simon Hampel, 13th Nov, 2008
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  4. Jacque

    Jacque Jacque Parker Premium Member

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    Sure does, though you're somewhat younger than me, Sim :)

    Our first IP cost a minute $125K with our first PPOR setting us back a massive $145K. How times have changed, even given inflation.....!
     
    Jacque, 13th Nov, 2008
    #4
  5. Jacque

    Jacque Jacque Parker Premium Member

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    All amended now- thanks for pointing it out!
     
    Jacque, 13th Nov, 2008
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  6. BillV

    BillV Well-Known Member

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    Same here, it was very hard to get the deposit together and the loans were very hard to get as well.

    Youngsters today seem to think that it's difficult to buy their first home.
    It was a lot harder in our days...
     
    BillV, 15th Nov, 2008
    #6
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