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Agents ready for bumper week

By Staff Reporter
25 September 2009 | 1 minute read

Real estate agents are bracing for a bumper weekend, with first home buyers expected to take advantage of the last week of the increased government grant.

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From Thursday, the government’s first home owner’s grant will be reduced to $3,500 for established homes and $7,000 for new homes.

According to Australian Property Monitors, there are currently 4,054 metropolitan properties under $400,000 on the market.

This time last year, there were only 3,921 properties on the market that were listed for under $400,000.

Century 21 Central agent Rosalyn Marker told the Daily Telegraph that there was a sense of urgency for first home buyers, which was evident at a Melrose Park sale this week.

"To have an open with 88 people over the last Saturday and Sunday was a very rewarding result for us," she said.

"We had 11 offers on that property, most of them were young couples ... and I would be expecting them (those who missed out) to be looking again this weekend."

Agents ready for bumper week
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