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
So what action can you take?