First home buyers grant doubled

The Australian government has announced that the first home buyers grant has been doubled from $7,000 to $14,000 and it has been tripled to $21,000 for newly built homes. As part of a $10.4 billion package which is designed to stimulate the Australian economy, the announcement has been welcomed by the housing industry.

Warwick Temby, the executive director of the Housing Industry Association (HIA) Queensland branch, has said that he expects this to result in approximately 15,000 extra houses to be built in Australia over the next year.

For more information, read the full article at the ABC website.