First Home buyers boost starts from July 1

At 3:09 pm 0 Comment Print

The First Home Owner grant threshold has been lifted from $650,000 to $750,000, offering a timely boost to first time buyers in NSW.

 

First-time house hunters are now able to buy newly constructed homes valued up to $750,000, and remain eligible for the First Home Owner Grant. The new grant cut off has been boosted by $100,000, as of 1 July 2014.

The 2014/15 State Budget also introduced provisions for increasing housing supply, allocating $83 million to the Housing Acceleration Fund, which aims to speed up land release in Sydney’s south west.

New data from the Housing Industry Association presents a positive outlook for the home building sector, with new house sales up 15.6% between February and May 2014, compared with the same period last year.

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Feature ,

Related Posts

Leave a Reply

Archives

Photo Gallery

About Us

Public Telegraph is an online news portal with an independent voice and focus on content that is original. Our vision is to serve the journalism community as a source of innovation and to build the next great public media brand in Australia. We have an alternative and fresh perspective from the mainstream press. We provide you insightful analysis of today's important events, revealing what they mean to you and your family. We cover a full range of topics including education, health care, human services, immigration, border issues, transportation, water, the environment, criminal justice, poverty, energy, art and culture, sports, opinion, lifestyle and fashion etc.
Email
Print