First Home Owner Grant (FHOG) Increases

Posted on October 16, 2008 by | 4 Comments

by Shannyn Hunter
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.

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