Just thought that I would mention that as of December 31 the First Home Owner Grant Boost will come to an end.
This has been a great incentive for first time buyers and has seen a huge number enter the market on the back of this.
So as of the 1st January the Grants will go back to where they were before the boost, which is:
$7,000 for FHOG for first home.
$4,000 FHOG Bonus Grant if the property is under $400,000.
The Bonus Grant gradually reduces until the property price is $450,000 where it phases out completely.
So potentially $11,000 in Grants if property is under $400,000 and $7,000 if property is over $450,000.