Great News for First Home Owners
The Australian Federal Government has announced it would invest about $1.5 billion in the housing market over 2008/09 and 2009/10, supplementing the Queensland Government funded First Home Owners Scheme.
First homes owners will receive a boost from $7,000 to $14,000 for established homes, while first time owners who build a new home or purchase a newly constructed home will receive an extra $14,000, which takes the total of their grant to $21,000. These higher payments are available from contracts entered into from 14 October 2008 until the end of financial year in June 2009.
First homes owners will receive a boost from $7,000 to $14,000 for established homes, while first time owners who build a new home or purchase a newly constructed home will receive an extra $14,000, which takes the total of their grant to $21,000. These higher payments are available from contracts entered into from 14 October 2008 until the end of financial year in June 2009.
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