April 23rd 2009 – NEWS.COM.AU
THE Rudd Government is facing mounting pressure to continue its grant scheme for first home buyers, as the Opposition demanded certainty for those looking to enter the market.
Industry groups are warning that now is not the time to end the increased grant because of deep cuts to economic growth forecasts.
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.
The increase is due to expire on June 30.
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