The government will extend the First Home Owners boost for another six months. The following table summarises the extension of the First Home Owner grant:
Contract date for purchase (inclusive) | First Home Owner grant for established homes | First Home Owner grant for new home |
1 July 2009 – 30 September 2009 | $14,000 | $21,000 |
1 October 2009 – 31 December 2009 | $10,500 | $14,000 |
After 1 January 2009 | $7,000 | $7,000 |