First Home Buyers have until 30 June 2009 to take up the Federal Governments First Home Buyer Bonus.

Last year the government announced it would double the First Home Owners Grant from $7,000 to $14,000 for the purchase of established homes and will increase it to $21,000 for newly constructed homes.

As indicated in the Brisbane Property Market Update there is a noticeable increase in buyer competition for property less than $500,000. And those that sit back may miss good buying opportunities.  

Lenders policies are changing
While the increased grant is great news lenders have also tightened up on their lending so there is no guarantee the grant will be sufficient to cover all your purchase costs. You may still have to contribute more funds.

So what action can you take?
The best place to start is to arrange a Finance Review to determine what you you can actually afford, what cost are involved, and how much additional money you might require. To get the ball rolling just complete our Finance Review Form or contact us.