Just a reminder that next week the First Home Owners Boost will be reduced by half, so if you're thinking of taking advantage of the full grant, now is a very good time to do so!
As announced in the Federal Budget, the First Home Owners Boost will be scaled down from October 1, then cease entirely on 31 December 2009.
Eligible first home buyers who sign a contract to purchase an existing home between 1 October 2009 and 31 December 2009 (inclusive) will receive an extra $3500, taking the total lump sum payment (including the First Home Owner Grant) to $10,500.
Eligible first home buyers who sign a contract to purchase or construct a new home in that period will receive an extra $7,000, taking the total lump sum payment (including the First Home Owner Grant) to $14,000.