28.10.2008 - Australia: Housing market comeback depends on first-time buyers
From ABC: In recent weeks, the Government has moved decisively to introduce initiatives to stimulate our economy and fend off any chance of a recession or a further economic slowdown. While the concept has been widely welcomed by the community and economists alike, there are particular elements of the Government's $10.4 billion package that have been subject to intense debate and scrutiny. The increase in the First Home Owners Grant, from $7,000 to $14,000 for an existing home and up to $21,000 for a new home is one of the initiatives receiving close examination..... Full Article: Source
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