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Housing : June 2009
into their first home (as of the end of March 2009). ‘[The FHOG] is a vital part of our efforts to stimulate economic activity, cushion theAustralian economy on the worst impacts of the international downturn, and supportAustralian jobs,’ he said. ‘The measure is also important in addressing the chronic shortage in housing that exists right across the nation’ ‘Extending the First Home Owners’ Grant will mean more opportunities for Australians to enter the housing market for the first time, and will support many thousands of jobs in the vital housing sector, along with companies in the housing supply chain. ‘The extension will mean more jobs for plumbers, electricians, builders and other tradespeople all over the country.’ Victoria: the big winner HIA worked with the Victorian Government on the $125 million budget measure to boost that state’s grant. The Victorian grant is now – from 1 July 2009 until 30 June 2010 – $11,000 for new homes in metropolitan Melbourne and $15,500 for new homes in regional Victoria. The modelling HIA provided the Victorian Government estimates the boost to the first homeowners’ package for new homes will secure an extra 3600 jobs over the next three years, generate around $1.3 billion of additional housing activity and result in an extra 4300 homes being built. Premier John Brumby says the existing state grant of $3000 for established homes and $5000 for new homes has already resulted in Victoria recording almost one in three housing starts in Australia in the December quarter. This means almost 32,000 people purchasing a first home in Victoria in the last 12 months, with about 10,000 of these in the three months to February this year alone. The Victorian Government has also increased the cap on the grant, which means that first home buyers purchasing a property up to the value of $600,000 will now be eligible. After the joint media launch between HIA and the Victorian Government on 6 May, Premier John Brumby acknowledged HIA’s efforts, and said that the grant will provide significant encouragement for first home buyers in the state. Of other relevant measures announced in the Budget, including skills and immigration, HIA’s Ron Silberberg says the Budget also recognises the need to invest in skills in the down-time so that there will be a greater availability of people with employable skills when the recovery takes hold. “Right from the initial concept,HomeGuard is the obvious choice for termite control.” ® Installed as a physical barrier, HomeGuard blocks, repels and kills termites, and lasts the life of the building. It’s easy to install and safe to use, completely non-invasive and it won’t crack, corrode or delaminate. Backed by a 10 year warranty*, Australian made HomeGuard has APVMA registration, CodeMark and BCA approval and HIA Greensmart status – setting the standard in cost effective termite management. “I insist on the best and use the HomeGuard Precision Termite Management system in every structure we design.” HomeGuard and the HomeGuard logo are trademarks of Corporation. Copyright© 2005 FMC Australasia Pty Ltd. *HomeGuard Warranty is limited and special terms and conditions must be met for it to apply. Contact FMC on 1800 066 355 for full details. Freecall 1800 066 355 www.homeguardptm.com.au