Homebuyers not deterred by lessened grant

Homebuyers not deterred by lessened grant

07 December 2009 by Staff Reporter 0 comments

Despite being reduced in October, Australians continue to take up the federal government’s first home owners grant boost in their droves.

Originally $14,000 for established homes and $21,000 for new properties, the boost was reduced to $10,500 for established homes and $14,000 for new homes on 30 September.

According to a report by AAP, figures released by Labour over the weekend showed 18,703 people had received the grant in October, with only Queensland and the Northern Territory recording a drop from the previous month in the number of successful applicants.

This is compared with the 17,898 who took advantage of the grant in September, its final month at the more generous rate.

The grant has officially helped 190,050 buyers into the market since October last year.

Despite being reduced in October, Australians continue to take up the federal government’s first home owners grant boost in their droves.

Originally $14,000 for established homes and $21,000 for new properties, the boost was reduced to $10,500 for established homes and $14,000 for new homes on 30 September.

According to a report by AAP, figures released by Labour over the weekend showed 18,703 people had received the grant in October, with only Queensland and the Northern Territory recording a drop from the previous month in the number of successful applicants.

This is compared with the 17,898 who took advantage of the grant in September, its final month at the more generous rate.

The grant has officially helped 190,050 buyers into the market since October last year.

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