We were waxing positive on prospects for the Australian market the other day.  We said that even property down under does not look so bad.

Following on from this, we were interested to read earlier in the week that over 42,000 Australians have now taken up the First Home Owners Boost (FHOB) offered at the end of last year as part of the Federal Government’s stimulus response to the crisis.  A newly constructed home attracts a $21,000 FHOB while an existing home $14,000.  In addition, first time buyers interested in properties below A$500,000 are exempt from stamp duty. » Read more: Australian property