The final due date for First Home Owners Grant

It seemed that comment of Prime Minister Kevin Rud should be the reference point for boost ending, but they were contradicted by information came from undisclosed source, stating that the boost will continue but it’s format will be slightly altered format with construction accentuation.

In recent months the housing industry has exerted considerable political pressure aiming to extend the boost to the first home buyers grant to encourage the recovery of housing and construction industry jobs markets.

Sharp interest rates decline, accompanying with the extended Grant caused the increasing of first home buyers on real state market up to 26.9 per cent.

According to one of the Loan Market Group mortgage brokers’ words, the decision to increase the grant, that was made last October, resulted in fact that the property market still continues to be the active part of the national economy. And the Government now is debating a point of boosting to the grant for another half of the year for the purpose of such favourable conditions maintaining. There exists a suggestion that it may be not advantageous for Government to keep to a current Grant format. In this case it should change it’s format in favour of property construction, because it’s necessary to maintain jobs in the construction industry.


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