April 23rd 2009 – NEWS.COM.AU
The Government's plan to triple the first home owner grant from $7,000 to $21,000 for newly-built homes has been welcomed by the housing industry, which says it will provide a much-needed boost to the sector.
As part of a $10.4 billion package announced today designed to stimulate the Australian economy in the midst of the global downturn, the Government will also double the grant for existing homes to $14,000.
Prime Minister Kevin Rudd says a good performance in the housing sector is critical for the economy's overall performance.
Executive director of the Housing Industry Association (HIA) Queensland branch, Warwick Temby, says he expects the move to result in an extra 15,000 houses to be built around Australia over the next 12 months.
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