A proposal from Mr Steven Ciobo, the chairman of the coalition's backbench Treasury committee: He believes that the First Home Owners Grant should be doubled. It should be increased from $7000 to $15,000. He says the Government should act because buying a house is beyond the reach of many Australians. He advocates a means test and a cap on the scheme, of which the current scheme has neither. Under the proposal, the grant would be phased out when the household income was more than $100,000. There would be no help when the income reached $125,000. He says that the value of the grant should be linked to the cost of the average home in Australia’s most expensive city - Sydney. First homeowners should also enjoy a “significant reduction” in stamp duty imposed by State Governments on property transfers, according to Mr Ciobo. “Those on lower incomes are struggling to save a deposit for a home,” he says. “Nearly 9% of Australians spend one-third of their pay on rent and simply don’t have the capacity to put additional money aside.” Well, he's right, in that it's certainly now a struggle, but I don't think that doubling the grant is the answer. When it was first introduced, it was almost solely responsible for the boom like activity that followed, as first home owners saturated the market and consequently forced prices up rapidly. As well as this, where would he expect the extra funding to come from? I'm not sure investors could stand any further taxes on already heavily hit investment properties, what with land tax, GST, capital gains etc.