Window of opportunity left open for first home owners
The Federal Government has sought to maintain the momentum within the housing sector by extending the period of the increased First Home Owners Grant Scheme by six months.
It said the increased grant, first announced in last year’s stimulus package, would be extended for six months but at progressively lower rates.
For the first six months it will be maintained at the current rate of $7,000 for existing homes and $14,000 for new homes before, after three months, it is halved and then eventually phased back to normal arrangements.
The Government’s strategy is aimed at preventing a bubble in the home building industry caused by a massive pull forward in work.
AUTHOR
Mike Taylor
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.
