The first home owners grant boost - Fact and Fiction

Simon Hampel · 20th Apr, 2009

The first home owners grant boost - Fact and Fiction | Lending Central | Your Mortgage News

One of the few positive developments in the Australian economy of more recent times has been the stimulus created by the boost to the First Home Owners Grant, which the Rudd government announced in October last year.

The number of first home buyers is up 54% over the last three months, and some 61% since August last year according to the Australian Bureau of Statistics.

The boost to the First Home Owners Grant - an increase from $7,000 to $14,000 for established dwellings and to $21,000 for newly constructed dwellings, with an end date of 30 June 2009 - combined with lower interest rates, an undersupply of properties for sale, and an improvement in housing affordability, have created the catalyst for many potential first home buyers to take the plunge.

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Jacque · 20th Apr, 2009

Naturally MB's would want the grant extended as it means more business however extending does have ramifications for future budgets in Australia, not to mention probable artificial stimulation in prices of an already frenzied market. Interesting times.

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The first home owners grant boost - Fact and Fiction

Simon Hampel Founder Staff Member

Jacque Jacque Parker Premium Member

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The first home owners grant boost - Fact and Fiction

Simon Hampel Founder Staff Member

Jacque Jacque Parker Premium Member

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