All Topics / General Property / 2009 Budget & FHBG

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Budget 2009 extends the FHBG, but only just!

    FHBG

    Profile photo of kn_19_htkn_19_ht
    Member
    @kn_19_ht
    Join Date: 2009
    Post Count: 9

    Hi all,

    I was very interested to see what the Budget had in store regarding FHOG etc

    http://www.news.com.au/story/0,27574,25471426-5012587,00.html

    There was such a rush from brokers and real estate agents and new home builders to " get in" before June 30..

    what impact would this have on Housing prices? I imagine they would stay the same as they are now, with no real effects? The effects would take place now, after December.

    Keen to hear any thoughts on this subject.

    Regards,

    Profile photo of SHalesSHales
    Member
    @shales
    Join Date: 2007
    Post Count: 325

    Very dissappointed with this part of the budget.  Overall though, I was surprised at how sensible Labor's budget was, not that I agreed with everything they did, but at least it didn't all seem stupid.
    S

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    The amusing one for me is new homes in Victoria will actually not sell until 1 July now. There will be a sudden glut on the market.

    VIC government announced an increase in the state top up for new homes from $5k to $11k from 1 July on the assumption that the federal grant would decrease.

    Now with the 3 month extension, you get $32k from 1July to 30 Sept. Really good :)

    Profile photo of js2js2
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    @js2
    Join Date: 2003
    Post Count: 758

    $36,500 for regional Victoria.

    Profile photo of imcmaughimcmaugh
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    @imcmaugh
    Join Date: 2006
    Post Count: 2

    The problem is that prices will be artificially inflated during this time… no help to anyone.

    And I wouldnt be surprised if the VIC government adjusted the grant so that it conincided with the governments scale-back of the FHOG.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    Vic's SRO have already published the details of the new grants at $32k and $36.5k on their website. No indication of any changes to take place.

Viewing 7 posts - 1 through 7 (of 7 total)

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