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Fed: Most want first home grant boost extended:survey


01 Apr 2009 3:08 PM

An online survey shows most Australians want the federal government to extend the deadline on its more generous first home owners grant scheme beyond June.

Last October the government doubled the grant to 14 thousand dollars for established homes and 21 thousand for newly built properties .. as part of its 10 billion dollar stimulus package.

The government has said it can't guarantee the May budget will provide for an extension to the boosts to the grant scheme beyond June 30.

An online poll conducted by independent mortgage broker Loan Market Group has found 91 per cent of respondents believe the increases should be extended.

Spokesman JOHN KOLENDA says the recovery of the real estate market will be jeopardised if the government sticks to the original plan.