Browse Forums Home Finance Re: Do u think they will extend the FHOG? 4Mar 17, 2009 3:01 pm It you wait till may and they don't extend it, it won't leave you must time to sign a contract with a builder. Re: Do u think they will extend the FHOG? 5Mar 17, 2009 5:46 pm According to this latest article I read below. I don't think it will.
http://www.news.com.au/business/money/s ... 51,00.html Re: Do u think they will extend the FHOG? 6Mar 17, 2009 5:58 pm k3narki According to this latest article I read below. I don't think it will. http://www.news.com.au/business/money/s ... 51,00.html And what better way to get people to sign up thinking they may miss out. Re: Do u think they will extend the FHOG? 8Mar 18, 2009 7:17 am wakeboardandy It you wait till may and they don't extend it, it won't leave you must time to sign a contract with a builder. Thanks, yes thats right, one builder said it would take 8-10 weeks to get their contract prepared. Re: Do u think they will extend the FHOG? 9Mar 19, 2009 10:44 am interesting article..
First home-owners grant could lead to housing bubble COMMONWEALTH Bank chief Ralph Norris yesterday warned that the Rudd Government's first home-buyer grant could lead to a residential property bubble if it became a permanent fixture in the housing market. http://www.news.com.au/business/money/s ... 51,00.html Re: Do u think they will extend the FHOG? 10Mar 20, 2009 9:43 am inquirer interesting article.. First home-owners grant could lead to housing bubble ... yesterday warned that the Rudd Government's first home-buyer grant could lead to a residential property bubble if it became a permanent fixture in the housing market. http://www.news.com.au/business/money/s ... 51,00.html The banks can't cope with the applications they are getting. As most purchase applicaions are small deposit loans, they don't like it. But since they keep lowering their acceptable risk thresholds on an ongoing basis, they have probably already culled the highest risk purchase loans. IMO the extra first home owners grant has actually made it easy for the banks to tighten their lending policy with negligible negative effect so far. When the grant runs out it will most definitely lead to a near stop in first home lending as the extra grant is filling the gap left by lenders' restrictions. Just read the ongoing survey in the forum about deposit levels. Re: Do u think they will extend the FHOG? 13Apr 23, 2009 10:29 am Hurry while you can. Quote: PRIME Minister Kevin Rudd has confirmed the first home buyers grant will not be extended past its deadline of June 30. "We've indicated that that will conclude in a very fixed and finite timeframe," Mr Rudd said in a Perth speech reported by Sky News. "It's had a real effect. We're still measuring its full effect, but I think it's very important that as a community we understand that deadlines are imposed for a particular purpose. "All good things must come to an end." Under the government's $1.5 billion first home buyers boost, the first home buyers grant was doubled from $7,000 to $14,000 last October. Those first home buyers who purchase a new home receive an extra $7,000 to take the total cost of government assistance to $21,000. The construction and real estate industries have hailed the boost with some calling on it to be continued. They have voiced fears that if the grant is removed the real estate market will collapse. But one expert says that it is actually record low interest rates and a softer housing market, not the grant, that is spurring on many first home buyers. Figures showing that by the end of last month more than 42,000 people had taken up the grant. NSW has seen the highest uptake, with 14,404 first home owners receiving the boost, followed by Queensland and Victoria (9,319 and 8,632 respectively). About 4,200 first home buyers have entered the market in Western Australia since October, more than 3,300 from South Australia and 1,135 from Tasmania. Both territories recorded the lowest uptakes with 703 grants awarded in the nation's capital and 404 in the Northern Territory. Others have warned that the grant is leading to ‘home loan time bomb’ with first-time borrowers taking out larger loans than they can afford. (LINK) The average loan growing by 22 per cent from $230,000 in March last year to about $281,000 this March source Re: Do u think they will extend the FHOG? 14Apr 23, 2009 11:41 am Similar reported here too - http://business.theage.com.au/business/ ... -ag1j.html 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Re: Do u think they will extend the FHOG? 15May 12, 2009 8:17 pm '...changes announced in the budget on Tuesday night, people who enter into contracts on or before September 30 will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home. The more generous scheme will then be phased down, and end after December 31. Between October 1 and December 31, the boost will be halved, meaning first home buyers will receive a total of $10,500 for established homes and $14,000 for new homes.' link http://business.theage.com.au/business/ ... -b1qm.html Re: Do u think they will extend the FHOG? 17May 12, 2009 10:14 pm Yayyyyyyyyyyyyy! We can finally stop stressing about making the deadline!!! Re: Do u think they will extend the FHOG? 18May 13, 2009 1:05 am gettingThere Yayyyyyyyyyyyyy! We can finally stop stressing about making the deadline!!! Thank goodness for that! *puts feet up on desk and lights a cigarette* ok thanks - yes was wondering if that should have been listed as Option Three! 2 7754 You should pressure clean your roof first and make sure the paint you buy also is anti mould. 4 18578 No. It's not original. Circa early to mid 90s would be my guess and maybe even as late as early 2000s 1 6635 |