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Boosted Grant Good News for First Home Buyers

Wednesday, 29 October 2008
As part of the $10.4 billion economic stimulus package unveiled on 14th October the government has tripled the First Home Owners Grant to $21,000 for new homes and doubled it to $14,000 for existing homes. This is expected to provide a much needed boost to the housing industry and make it easier for first home buyers to enter the market.
Read more... [Boosted Grant Good News for First Home Buyers]

Failed Bailout Makes Stocks Plunge

Tuesday, 30 September 2008
By the end of trade on Wall Street Monday 29th September the Standard & Poor’s 500 index fell the most since the 1987 crash. The Dow Jones Industrial Average dropped 778 points, its largest point drop ever and the MSCI World Index, an index of 23 developed markets slid 6.9 percent, the most in 21 years. All of this the result of US congress failing to agree on a US $700 billion rescue plan to bail out failing financial institutions.
Read more... [Failed Bailout Makes Stocks Plunge]

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