The Government’s plan to triple the first home owner grant from $7,000 to $21,000 for newly-built homes has been welcomed by the housing industry, which says it will provide a much-needed boost to the sector.
As part of a $10.4 billion package announced today designed to stimulate the Australian economy in the midst of the global downturn, the Government will also double the grant for existing homes to $14,000.
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