Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Homebuyers not deterred by lessened grant

By Staff Reporter
07 December 2009 | 1 minute read

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

Advertisement
Advertisement

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.

Homebuyers not deterred by lessened grant
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Gnarabup
66.67%
Boomerang Beach
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.