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23 April 2009

PM flags end of first home owners' grant

THE boost to the first home owners' grant will not be extended beyond June 30, Prime Minister Kevin Rudd has suggested.

"The first home owner's boost, as you know, we have indicated that will conclude within a very fixed and finite time frame,'' he told reporters in Perth.

"It's had strong useful results so far, but I have got to say all good things must come to an end.''

The grant was raised from $7000 to $14,000 for existing dwellings and from $14,000 to $21,000 for new homes as part of the Government's $10.4 billion stimulus package last year.

Mr Rudd said the Government was still measuring the full effects of the boost but it was important the community understood deadlines were imposed for a particular purpose.

The Austrlian


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