There appears to be some confusion out in the market that the First Home Owners Grant has finished, which is not the case.

From 1/10/09 the First Home Owners Grant on purchase of an existing residential dwelling has been reduced to $10,500 and from 1/01/2010 will reduce to $7,000. For construction of a house the First Home Owners Grant has reduced to $14,000 from 1/10/09 and will reduce to $7,000 from 1/01/2010.

So there are still considerable incentives for first home buyers.

If you would like to discuss the First Home Buyers Grant or to apply for a Home Loan contact us on 49722081.

John Whitten is the Proprietor of Individual Home Loans and can be contacted on 49722081.