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Federal Budget must include additional significant initiatives for first home buyers
A week out from the Federal Budget, the Treasurer is being urged to act decisively in the interest of the NSW economy and deliver new incentives for First Home Buyers.
"The NSW economy remains in dire straits and requires additional stimulation, especially in the real estate sector,” said REINSW President Steve Martin.
“The current additional benefits for First Home Buyers have had a positive effect on the property sector but more needs to be done when the boost ceases on 30 June.
“We are only seeing the beginnings of recovery in the property sector and the best is yet to happen.
“We need to continue to encourage first home buyers into the market as a means of rebuilding the NSW economy.
“The fact is that more buyer activity will deliver widespread benefits throughout the entire economy including increased revenues to government for essentials such as health, education and other core services.
“REINSW calls on the Prime Minister and Treasurer to commit to rebuilding the NSW economy by announcing additional First Home Buyer incentives for the 2009/2010 Financial Year.
“We need to keep the momentum growing by creating additional demand which will deliver new properties, new investment and new jobs,” said Mr Martin.
Please direct media inquiries to Julian Brophy on 0408 276 749.
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