Dynamic Business Logo
Home Button
Bookmark Button

NSW undecided on first home buyer grant extension

The NSW Government is currently in the process of considering extending its $3,000 first-home owners grant, after it was reported they were planning to scrap it.

The Government announced the scheme in November last year for first-home buyers who purchase a new or newly construction home within a year, with the scheme expected to expire in November of this year.

A spokesman for NSW Treasurer Eric Roozendaal said the Government is monitoring the impact of the scheme on the economy and that “no decision has been made about extending the supplement beyond the original expiry date.”

They are encouraging eligible people to take advantage of one of the most “generous first-home buyers schemes in Australia.”

People who read this, also liked:
Housing sector will strengthen economy: Westpac
Government grant big incentive for first home buyers
Property market resilient in face of downturn