First-home buyers surge but number of lenders shrink
Monday, 09 March 2009
The national surge in first-home buyers is evident in QLD as Australian Bureau of Statistics data for Nov 2008 - Jan 2009 revealed 6422 Queenslanders received the first home owners grant.
Meanwhile figures released by the ABS last week show Queensland suffered the largest drop in the country for new house building approvals in January, with a 5.1 per cent fall in house approvals. Approvals in Queensland are at their lowest level for many years.
Developers and builders are lobbying for the first-home buyers boost to be extended beyond June 30, when the extra $7000 is due to run out, fearing that without continued stimulus, new house building will remain in the doldrums and builders will go out of business.
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