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Article: Boom in new homes on the way.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Peter Martin
Nov 09, 2009 (The Age - ABIX via COMTEX) -- House construction is expected to surge following record uptake of the Australian Government's First Home Owners Boost. Over 49,000 people took out mortgages, other than for refinancing, in September 2009, with about 7,600 being construction loans. The subsidy was reduced from $A14,000 to $A7,000 on 1 October, and it ends in ...