Good news for first home buyers.
The First Home Owner Grant (FHOG) was changed last week to accommodate Western Australians who would like to purchase property. A $3,000 grant was made available for first home buyers upon contract signing.
This move will provide buyers with incentives and encourages building new dwellings instead of purchasing existing property. This is great news not only for first home buyers, as this will also address the existing issue of housing shortages and will be a huge boost for the construction sector.
Read more about this on the Adviser website.