A winning combination of new home buyer government grants and enticingly low interest rates has led to the rise of new home sales for the third straight month. March saw the number of new home sales go up once again according to a recent survey. The sale of new homes is good news for the Australian economy and helps to provide job security for many Australians.
An Increase In Buyers
A recent Housing Industry Association survey has found that new home sales increased during the month of March by 4.2 percent with 8210 new homes being sold. This was after an increase of 7.8 percent during the month of February. The market for new homes has enjoyed a recent upswing as a result of the first home owners grant and low interest rates. With more people wanting to cash in on the first home owners grant there should be an increase in jobs that also helps o boost the economy.
More Homes Being Built Means More Jobs For Australians
The first home owners grant is not only helping to get many Australians into a home for the first time and helping to boost the economy, but it is also providing jobs to many workers. Thanks to the $21,000 Federal Government grant money offered for homes that are newly built jobs in construction are in high demand, as are other construction related jobs. This is very good news for the Australian economy.
Pressure To Keep The Grant Going
Many people have been pushing for the continuation of the first home owners grant and pressure has been put on the Federal Government to extend the deadline for the grant past the June 30th deadline to continue the upswing in the housing market.
Property Options Australia
Property Options Blog © 2006 – 2009
Hi Sean,
I guess that the federal government grants have been instrumental in boosting the economy despite inflating the prices of houses for first home buyers. I have a lot to learn about how the real estate market works.
When you see that damage that lending money to people who couldn’t afford it has done to the American economy; it makes me a little nervous. Hopefully, that won’t happen here.
The first home buyers goverment grant is a great move by the federal government to stimulate the real estate market. many of the people who are eligible for the first home owners grant would not otherwise have been able to enter the real estate market.
Just so you know there is a typo in the second paragraph