Federal Budget- Home Buyers

Some good news! The First Home Owners Grant (FHOG) has been extended for an additional 6 months. From the 1st of October the Boost will halve to $10,500 for established homes and $14,000 for new homes, including the $7,000 First Home Owners Grant.

The FHOG seems to be working as planned by the government in boosting the economy.

Just the other day I saw a 79 year old grandmother was a recipient of the FHOG so lets not forget its open to anyone that has not owned a home before. Over the last 3 months over 44,000 properties have been purchased by first home owners nationally, which is the best result in Australia in over 17 years. So in this respect the grant seems to be working and fuelling the economy.

At Companion we have seen a surge in local first home owners and are happy to say we have helped them into their first home. If you want to know more about the FHOG send me a comment here or call us for a more private chat.

May 25th, 2009 | Leave a Comment »