First Home Owner Grant (FHOG) Increases
Conveyancer shannyn@lawyersconveyancing.com.au
Lawyers Conveyancing
As Australians brace themselves for the global economic shockwave, the Government has announced its “Economic Security Strategy”. The $10.4 billion dollar Government package aims to protect the Australian economy by stimulating the building industry, investment and employment.
Prime Minister, Kevin Rudd, believes that the housing sector is critical to Australia’s economic performance. So part of the package is a $1.5 billion dollar boost to the First Home Owner Grant (FHOG) to counter the predicted decrease in housing demand.
4 Comments
“No doubt, many home buyers are fuming because their contracts are dated before the cut off point. ”
And no doubt, Shannyn, right across the nation many agents, brokers, solicitors and conveyancers are working out how to validly and legitimately cancel first-home-buyers’ existing but unsettled contracts with a view to replacing them with compliant post October 13 contracts.
Hi Tim,
Take a look at the most recent posting, warning consumers against committing fraud.
Interesting article. Thanks Shannyn.
Not a problem Joel.
The aim is to make our blog as useful as possible for real estate consumers.
If you come accross anything that has you scratching your head and would make a great article, please let us know.