The $5000 bonus for vic first home buyers (on top of existing $7000 FHOG) ends on june 30th. (correct me if i’m wrong.)
Do you guys think there will be any change to lower and/or median house prices. Melbourne or Rural?
This $5000 bonus geared at 95% LVR has been an extra $100,000 for first home buyers to spend. (give or take LMI).
Thoughts?? [biggrin]
Live, Learn and GrowLifexperience
Prices have dropped plenty already. I can’t see much impact of the loss of $5,000.
In any case, the FHOG is not geared at any LVR. First Home Buyers cane borrow at 100% LVR or more. It all comes down to serviceability.
TMA
http://www.email4money.info
Essential Links
First Home Buyer Websiteit was extended. no change.
edit: no change till end December 05 – see the link & never believe everything u read
“Victorian Treasurer John Brumby MP has announced that the First Home Bonus scheme will be extended until 30 June 2007.
This extension means that all first home buyers who qualify for the Victorian Government First Home Owner Grant are eligible for an additional First Home Bonus payment.”
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by brahms:it was extended. no change.
No change… except it is reduced to $3,000 from Jan 1 2006.
Link Here
F.[cowboy2]
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