The First Home Owner Grant Scheme is a joint Australian and NSW Government initiative offering eligible NSW first home buyers a $7000 grant. The grant applies to residential dwellings only and does not apply to vacant land.
THE FIRST HOME OWNER GRANT ACT came in to being in 2000 and was reviewed as a proven success in 2006.
The main objective of the Act, being to encourage and assist home ownership, remains valid and relevant. The terms of the Act are appropriate for securing that objective.
While in Wales.
"It is clear that affordability is the key issue in the Welsh housing market. With fewer numbers of first-time buyers managing to get on the property ladder, the CML urges the Welsh Assembly government to look at innovative ways of helping those people who want to become home-owners to do so.
Perhaps we should be following New South Wales's example for first time buyers!
Annette Strauch wrote...
It is so difficult even for graduates to get on the property ladder. It is difficult to find nice homes. I seriously do not know where this will all lead to? AND: The houses that are for sale are all in very bad conditions!
Posted by: Annette Strauch | July 27, 2007 10:33 AM