"Homes most affordable in five years"
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The Federal Government has made the decision to triple the First Home Owners Grant from $7,000 to $21,000 for newly constructed homes.
All contracts entered into by 30 June, 2009 will be eligible. More than 150,000 first home buyers are estimated to benefit from the scheme.
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This major announcement, coupled with the 1% cut in interest rates means there has never been a better time to build your dream home!

HIA Executive Director, Mr Graham Wolfe said, "It is appropriate that the measure targets assistance for new housing to meet underlying and effective demand and importantly this measure provides immediate assistance."
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