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Local boost from First Home Owners Scheme.

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Warren Truss MP Minister for Agriculture, Fisheries and Forestry - Federal Member for Wide Bay


The National Party Member for Wide Bay today welcomed the Coalition Government initiative to further boost the popular First Home Owners Scheme and make the home ownership a real option for many Wide Bay residents.

"This scheme has been a real economic shot in the arm for the Wide Bay region since the Federal Coalition Government doubled the grant to $14,000 in March this year," Mr Truss said.

"From January next year the grant for first home owners on newly constructed homes will be $10,000 until the end of June 2002".

"In addition, the building commencement and completion requirements currently applying to the $14,000 grant will be liberalised, making it easier for people to access the grant".

Mr Truss said this will make a real difference for new homeowners, local builders and others in the industry. The grant would basically cover a deposit for many new homes in the Wide Bay area.

"The housing industry is expected to be a key driver of the economy into next year and this extra boost will be a welcome push."

Mr Truss said this is another reason why the Howard/Anderson Government must be returned on the 10th of November.

"John Howard and John Anderson are already showing solid leadership and strength in this time of global uncertainty and this announcement today shows this Government also has its eye on key local economic issues at home.

Mr Truss said Australia now has the lowest home mortgage interest rates in 30 years.

"Today's move will help more people in Wide Bay realise the goal of owning their own homes, a goal I strongly support".