First Home Owner Grant (FHOG) Increases

Published 17 October 08 10:23 AM | Peter Mericka 

Shannyn Hunter - Conveyancerby Shannyn Hunter
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.

More about "First Home Owner Grant (FHOG) Increases"...

Comments

# Tim O'Dwyer said on October 17, 2008 11:22 AM:

"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.

# Peter Mericka said on October 17, 2008 12:03 PM:

Hi Tim,

Take a look at the most recent posting, warning consumers against committing fraud.

# Joel Montgomery said on October 21, 2008 8:52 AM:

Interesting article. Thanks Shannyn.

# Shannyn Hunter said on October 21, 2008 3:33 PM:

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.

# Australian Real Estate Blog said on May 19, 2009 9:43 AM:

OPINION by Shannyn Hunter Conveyancer Lawyers Conveyancing The Budget has good news for first home buyers:

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