Grants are a confusing maze, says MFAA

by Caroline Dann25 Sep 2012

The MFAA is concerned the myriad of first home owners' grants across the states create a 'confusing maze' for borrowers.

It said there was an ‘increasing complexity’ of rules, such as Queensland and NSW’s scrapping of their first home owners’ grant, to be replaced by a construction grant next month.
The MFAA’s CEO Phil Naylor said the organisation welcomed incentives, but was wary of how borrowers would navigate the changing rules.
He hinted that a national review would be welcome.
“This is one area where there is a strong case for a unified and simple national scheme of grants for first home buyers,” he said.
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