Monday, April 27, 2009

Budget Not Likely To Aid Confident First-Home Buyers

The much-elated first-home buyers in Australia are to turn disappointed with the halt plans of their Prime Minister. The boost aided by the Government for the first homebuyers, is likely to end up by June 30th.

With the announcement made by the Kevin Rudd, the Prime Minister of Australia, that all good things will “come to an end,” analysts already estimated that this would be the end of the boost of the housing industry.

When we look at the conditions of the housing sector all over the world, it is bad and gloomy in many places compared with the situation in Australia. The governments of the alleged nations have no opportunity to boost the sector from at least the losses. In addition, it surprises me that the Australian government is readily confining its opportunity for a little period.

The $10.4 billion stimulus package of Australian government was a big hit with the first-home buyers who wanted to escape the rental-cycle.

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