AAP - March 08, 2009 10:45am
THE temporary boost to the first home owner grants should be extended beyond its June 30 cutoff in a bid to support the economy, industry groups say.
Official statistics show the boost, which formed part of the federal government's $10.4 billion fiscal stimulus package announced in October, has tempted first home buyers back into the market.
The Mortgage and Finance Association of Australia (MFAA) said this week it had written to the government urging that the temporary boost, which expires on June 30, be extended. "There is a wealth of evidence showing that it is a highly successful program and is attracting new entrants into the market now, who may otherwise have to delay their purchase while they continue to save," MFAA chief executive Phil Naylor said in a statement.
Senior corporate affairs manager at mortgage broker Mortgage Choice, Kristy Sheppard, said the number of inquiries and requests for information had jumped since the grant was increased and as interest rates came down.
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Cheers
Marc
THE temporary boost to the first home owner grants should be extended beyond its June 30 cutoff in a bid to support the economy, industry groups say.
Official statistics show the boost, which formed part of the federal government's $10.4 billion fiscal stimulus package announced in October, has tempted first home buyers back into the market.
The Mortgage and Finance Association of Australia (MFAA) said this week it had written to the government urging that the temporary boost, which expires on June 30, be extended. "There is a wealth of evidence showing that it is a highly successful program and is attracting new entrants into the market now, who may otherwise have to delay their purchase while they continue to save," MFAA chief executive Phil Naylor said in a statement.
Senior corporate affairs manager at mortgage broker Mortgage Choice, Kristy Sheppard, said the number of inquiries and requests for information had jumped since the grant was increased and as interest rates came down.
Read more...
Cheers
Marc