Quote: An increase in the stamp duty concession threshold for low-income pensioners to cover properties up to $750,000. Is this a joke? How can “low-income pensioners afford a loan?” Quote: Tackling housing affordability was a central plank of Mr Baillieu’s pitch to voters ahead of last year’s election. Bribing First Home Buyers does NOTHING to improve affordability. __________________ Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves. â?? Norm Franz

The temporary scheme increasing the First Home Owners Grant was introduced last October to stimulate demand in the sagging housing sector, and was due to end on 30th June 2009. In response to the ongoing economic uncertainty and the success of the initiative, the Government will now extend the scheme for First Home Buyers until 31st December 2009. The First Home Saver account calculator has been updated to reflect the new limits, showing how a FHSA can help First Home Buyers save for a deposit sooner..

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