First home owners incentives extended

May 16, 2009 | Filed under: Money and Finance,Real Estate | Posted by: TFA Staff

The Federal Budget 2009-10 released last Tuesday night had somehow eased up some pressures on buyers and sellers cashing in on the first home owners stimulus incentives.

The full first-home owner’s boost initiated last October/November 2008 will extend for the first six months of the budget period.

The extended boost will be phased out in two stages. First-home buyers during the quarter July – September 2009 will receive the full benefits. First-home buyers during the quarter October – December 2009 will receive 50 per cent.

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