First home buyers are the only people dong their bit for the Australian economy, according to chief economist Stephen Roberts.
Tempted with a generous first home buyers grant, and very low interest rates, first home buyers have been flooding into the market, giving the Australian economy a nuch needed boost.
According to Roberts, it’s “the only flicker of life out there.”
More than 42,000 people have taken up the grant since October, and according to Mortgage Choice chief executive Paul Lahiff, in February alone, more than 25 percent of all brokered loans were for new dwellings.
As a result of such success, industry groups are pushing the government to extend the June 30 deadline for the first home buyers grants, believing it will help to boost the economy. (Read the full story here)
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