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Decision to end First Home Buyers boost is premature

Released 23 April 2009

Any decision not to continue the increased first home buyers grants must be delayed until closer to the 30 June deadline, according to the REINSW.

The statement was made following reported comments from the Prime Minister that the increased payments would not be extended.

“This is the wrong decision and is entirely premature,” said REINSW President Steve Martin.

“We have a further 2 months before the increased payments are due to end; we should be waiting until then to see the state of the national and global economy before any final decision is made.

“Today the IMF has predicted even worse economic news for Australia over the next 12 months.

“The PM should be waiting to see how the economy travels over the next two months rather than making a premature decision now in the midst of so much uncertainty."

Please direct media inquiries to Julian Brophy on 0408 276 749.