| Monday, 02 November 2009 |
|
Housing Minister Tanya Plibersek announced the changes on Saturday. According to the announcement, the $7,000 grant for first home buyers would cut out for properties valued at more than $1 million in Queensland; $750,000 in NSW, Western Australia and the Northern Territory and $600,000 for FHB’s in Victoria. But opposition housing spokesperson Scott Morrison said the proposed cap was unlikely to have a high material impact on FHBs. “The introduction of caps of say $750,000 in Sydney…and $1 million in Queensland will have little impact on the number of grants issued,” he said. More than 171,000 first home buyers entered the market between October 14 last year and the end of September 2009. If you would like expert help in purchasing your first home or investment call the team at Domain Property Advocates on 03 9853 5599 to find out how you can have the advantage over other property purchasers. |
