It has been announced by the Australian government that the New South Wales New Home Buyers Supplement has been extended until the 30^th June 2010.

The supplement is a grant which Australian residents can apply for if they meet the eligibility criteria. The grant of AUD 3000, is to be used for the building or buying of a new home. It can be applied for in addition to the nationwide First Home Owner Grant of AUD 7000. 

The First Home Owner Grant scheme was introduced on the 1st July 2000 as a one-off grant to offset the GST on home ownership. In October 2008, in response to the global financial crisis, the Australian government launched the First Home Owners Boost in order to stimulate housing sales and construction. This scheme came to an end in September last year but the First Home Owner Grant scheme continues.

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