Hi, i read in the paper that the new Vic budget allows 5000 Grant to FHOG so long as their property isn’t worth more than 500,000
Now, is this on top of the 7000 Fed Govt Grant?
Also, does anyone knows how this applies to purchasing land and then building? does the 500,000 then covers the cost of the house alone or both land and house?
Thanks,
Kev
Yes, the $5K is on top of the fed. govt. first
home owner grant $7k. Though, the Vic FHOB(onus)
lasts for I think 14 months only, and it’s in the
form of $$ for FHO to spend in any way one may
like, even to buy something other than property!mcwong,
do you mean even on renovation and home improvement you could claim that 5K govt grant? that’s great isn’t it ? well sorta ( until the time limit’s up )
There’s no Such thing as No Can’t Do!!!!!
It’s interesting. I’m curious to see if this grant, which is supposedly aimed at helping first home buyers enter the market, have the desired effect. It’s a bit like ‘an economy’ in any era. Some say tinker with it while others say let it sort itself out (supply/demand). I hope it doesn’t (and I feel it may) just push prices up accordingly like Howard’s FHOG initiative did.
Cheers,
Gatsby.hmm is the election near ? if they really want to help FHO, try reducing stamp duty.. lol
Anyway, we’ll see what happens,
There’s no Such thing as No Can’t Do!!!!!
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