Give First Home Buyers a Break

March 24th,2014

The Real Estate Institute of Australia (REIA) has urged the Federal Government to give first home buyers a break.

In its pre-budget submission, REIA is calling for a boost of the First Home Owner Grant (FHOG) and has challenged the Government to consider first home buyers having access to their superannuation in order to purchase their property, a scheme that’s been highly successful in Singapore.

REIA President Mr Peter Bushby says, “Despite the interest rate decreases last year, the number of first home buyers is the lowest it’s been since 2004.”