Shortly after Prime Minister Kevin Rudd signalled the end of the First Home Owner Grant Boost, speculation is rife that grant may take on a new form to foster new building activity.
Speaking in Perth yesterday, the Prime Minister said the first home owners grant would conclude on its proposed deadline of June 30.
“The first home owner’s boost, as you know, we have indicated that will conclude within a very fixed and finite time frame”, Mr Rudd told reporters in Perth.
“It’s had strong useful results so far, but I have got to say all good things must come to an end.”
But according to The Daily Telgraph, sources have indicated the boost will continue in a slightly altered format that places emphasis on construction.
The housing industry has lobbied extensively over recent months to have the boost to the first home buyers grant extended to help sustain a housing market recovery and construction industry jobs.
