Vic: Push to double first home-buyers' grant

AAP General News (Australia)
08-04-2007
Vic: Push to double first home-buyers' grant

Australia's leading real estate body is reportedly pushing to double the federal first-home
buyers' grant to 14 thousand dollars .. giving people a chance to crack into the booming
property market.

The Real Estate Institute of Australia says it would be the best way to help young
people realise their dream of home ownership.

President GRAHAM JOYCE has told the Nine Network the grant was introduced seven years
ago at seven thousand dollars .. but the property market has since doubled .. and in some
cases tripled .. in price.

Mr JOYCE says the situation's a crisis right across the country.

AAP RTV jat/wf

KEYWORD: GRANT (MELBOURNE)

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