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PM'S economic package will stimulate NSW's first home buyers market
“By doubling the first home buyer’s grant to $14 000, the Prime Minister has helped address the housing affordability for first time buyers,” said REINSW President Steve Martin.
“The tripling of the new home buyer’s grant to $21 000 is a positive signal to developers to start building new stock and adding it to the market."
Both initiatives are effective until the end of the 2008/2009 financial year.
“This $1.5 billion package is the green light first home buyers have been waiting for.
“This is great news for the property market as it will bring new home buyers in and create jobs through the construction of new dwellings,” Mr Martin said.
Please direct media enquiries to Julian Brophy on 0408 276 749.
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