FHOG May End

News outlets around Australia reported yesterday that Kevin Rudd has suggested the Australian Government does not intend to extend the boost to the first home buyers grant past the June 30th deadline this year.

“We’ve indicated that that will conclude in a very fixed and finite timeframe Mr Rudd said in a public speech at the latest community Cabinet meeting in Perth’s northern suburbs.

“It’s had a real effect. We’re still measuring its full effect, but I think it’s very important that as a community we understand that deadlines are imposed for a particular purpose.”

“All good things must come to an end,” he said.

There is mounting pressure on the government from the opposition as well as other property industry players to continue the grant extension. Rather than trying to guess how this change could affect the property market post June 30th, I see a real opportunity for us to focus on maximising the effects of the grant while it is still available. The short term reality is that there is likely to continue to be a significant number of first home buyers wanting to take advantage of the extension before it finishes.

It couldn’t be better timing to be prospecting for properties to take to auction in the last week of June as part of our next Auction Spectacular. To help you generate more listings, we have commissioned a new prospecting letter for you to use which specifically targets vendors in that market segment.

The level of canvassing you do in the next few weeks will determine the extent to which you are able to turn what some people are viewing as disappointing news into a positive outcome.